Clouded Judgement: SaaS Valuation Metrics & Weekly Earnings Summary

This weekly SaaS earnings update provides comparative analysis of valuation multiples, operating metrics, and share price movements across 10 public SaaS companies, with detailed benchmarking of revenue multiples segmented by growth rates. The article highlights a dramatic expansion in median SaaS EV/NTM revenue multiples from 13.9x (3-month average) to 20.0x (current median), driven by high-growth cohorts trading at 35.8x multiples, while introducing growth-adjusted valuation metrics and the Rule of 40 framework for assessing business health.