PVC SaaS Index™ | Q2 2023 SaaS Companies Now Trading at a Discount vs. S&P 500
- Public Markets
- PVC SaaS Index
Our PVC SaaS Index™ now trades at 7.4x EV / LTM revenue, up significantly from the 6.1x multiple that closed out Q4 2022. Median multiples are still below their 5- and 10-year averages. The S&P 500 has moved into what we call the “PVC Danger Zone.” It looks expensive, yet tech multiples are on a relative basis more attractive than at any time since 2010.