Welcome to the latest edition of the Silverpeak Software Benchmark report, an analysis of public application software company valuation metrics in Europe, the UK and the US, broken down by SaaS, vertical and horizontal. We review median values to produce a robust industry reference benchmark.
- Lower UK inflation figures through Q3 started to show in UK software valuations, which registered an uptick, while those in the US and Europe took a pause after growth earlier in the year.
- Nordic application software company valuations have tracked their US counterparts closely over the cycle, but as investors favour profitability over growth, the gap between the Nordics and the rest of Europe and the UK has narrowed.
- Security software companies have led the sector pack for valuations growth by EV/Revenue multiples over the quarter, boosted by cybersecurity concerns and continued conflict in Ukraine. Fintech, meanwhile, continues to trend downwards.