SaaS Market Valuation Analysis: Is Another Market Correction Imminent?

Dave Kellogg analyzes whether SaaS stocks face another significant correction by examining enterprise value to forward sales multiples. While SaaS stocks have appreciated 342-385% since 2016, current multiples are only 18% above historical medians, suggesting valuations are less frothy than price appreciation alone would indicate, though downside risks remain from growth deceleration.