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Apr 26, 2023

Q1 2023 | Software Benchmark report: US is showing the first signs of recovery

Welcome to the latest edition of the Silverpeak Benchmark report: A review of public application software company valuation metrics in Europe, UK and the US, broken down by SaaS, vertical and horizontal. By reviewing median values, our aim is to provide a robust industry reference benchmark.

Report highlights

    • During Q1, there were various macroeconomic factors that impacted software valuations, principally persistent inflation, and tighter monetary policies around the world
    • Our dataset shows that EV/Revenue multiples continued the trend of stabilisation detailed in our Q4 2022 report
    • US vertical is outperforming US horizontal on both an EV/Revenue (+2.3x) and EV/EBITDA (+19.0x) basis, which indicates a shift in investor preferences

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