SaaS Valuation Multiples: 2015-2025 Q4 2024 Update and 2025 Outlook

This comprehensive analysis tracks SaaS valuation multiples across listed companies and M&A transactions from 2015-2025, showing recovery to 7.4x EV/Revenue in Q4 2024 after the 2022-2023 correction, while profitability margins have turned positive and Rule of 40 scores remain challenged. Key findings include regional convergence in valuations, deteriorating growth rates stabilizing around 14-16%, and Rule of 40 as a reliable predictor of valuation multiples with a 10-point improvement correlating to 2.2x multiple expansion.