This week in enterprise software: Top 10 #SaaS #Cloud multiples as of today's market close
$Palantir Technologies Inc.(PLTR)$ $Cloudflare, Inc.(NET)$ $CrowdStrike Holdings, Inc.(CRWD)$ $Samsara, Inc.(IOT)$ $ServiceNow(NOW)$ $Guidewire(GWRE)$ $Palo Alto Networks(PANW)$ $Rubrik Inc.(RBRK)$ $Snowflake(SNOW)$ $Veeva(VEEV)$
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This week on Clouded Judgement: Authentication in the age of AI Agents
- Median software multiple: 5.2x
- High Growth software median: 9.6x
- Mid Growth software median: 8.6x
- Low Growth software median: 4.0x
- 10Y: 4.3%
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Full year guides for software companies (so far) haven't signaled a lot of confidence. The median full year guide is only 0.1% above full year consensus estimates, with nearly half of companies guiding full year below consensus estimates.
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