Industry Valuation Benchmarks
Median valuation multiples across North American industries, updated weekly.
Updated Sep 6, 2026
Aerospace & Defense(13 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 13 | 5x | 24.5x | 39x | 11% | 14% | 7% | 23 |
| >30% growth | 4 | 9.8x | 73.6x | 70.1x | 36% | -10% | -3% | 36 |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 5 | 3.4x | 19.6x | 25.7x | 10% | 16% | 13% | 23 |
| <5% | — | — | — | — | — | — | — | — |
Airlines, Airports & Air Services(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 1x | 7.6x | 9.1x | 4% | 13% | 4% | 12 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Apparel - Footwear & Accessories(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 2x | 10.1x | 15.1x | 10% | 22% | 13% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Asset Management(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 7.2x | 15.9x | 15.7x | -1% | 42% | 23% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 9x | 17.2x | 19.4x | 22% | 39% | 22% | 45 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 5 | 7.2x | 14.6x | 15.2x | -8% | 45% | 25% | 14 |
Auto - Manufacturers(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 1x | 64.1x | 8.3x | 1% | -1% | 4% | 3 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 1x | 64.1x | 8.3x | -1% | 7% | 6% | 5 |
Autos & Transportation(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 1.7x | 14.2x | 14.3x | 0% | 3% | 5% | 3 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 4 | 1.7x | 14.2x | 14.3x | -2% | 9% | 7% | 5 |
Banks(12 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 12 | 4.3x | 22.2x | 14.1x | -1% | 22% | 22% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 8 | 1.6x | 21.7x | 12.1x | -1% | 21% | 28% | 29 |
Banks - Diversified(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 5.5x | 21x | 14.2x | -1% | 22% | 28% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 7 | 1.6x | 20.2x | 12.7x | -1% | 23% | 28% | 29 |
Beverages - Non-Alcoholic(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 5.5x | 25.7x | 21.8x | 6% | 25% | 19% | 32 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Biotech & Pharma(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 6.5x | 18.8x | 16.4x | 2% | 31% | 24% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 5 | 7.4x | 20x | 18.7x | 9% | 42% | 27% | 37 |
| <5% | 9 | 4.5x | 15.9x | 13.1x | 1% | 20% | 23% | 24 |
Biotechnology(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 15.2x | 19.3x | 20.4x | 1% | -127% | -55% | -94 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 14.5x | 14.1x | 13.1x | -39% | -127% | -55% | -94 |
Computer Hardware(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 2.4x | 9.1x | 16.6x | 29% | 7% | 7% | 26 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Consumer Products(12 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 12 | 2.9x | 15.6x | 21x | 7% | 20% | 17% | 30 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 3x | 13.6x | 21.2x | 24% | 18% | 13% | 37 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 6 | 3.1x | 15.6x | 21.1x | 2% | 20% | 18% | 18 |
Discount Stores(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 1.1x | 16.6x | 26x | 5% | 7% | 4% | 9 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Drug Manufacturers - General(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 6.4x | 20x | 16.6x | 4% | 34% | 25% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 7.1x | 18.5x | 17.8x | 8% | 42% | 23% | 31 |
| <5% | 5 | 3.5x | 20.5x | 16.1x | 1% | 20% | 24% | 25 |
Electrical Equipment & Parts(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 5.4x | 28.4x | 28x | 10% | 22% | 14% | 18 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Entertainment(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 2.8x | 11.3x | 19.1x | 5% | 22% | 16% | 26 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Financial - Capital Markets(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 7.6x | 14x | 16.3x | 19% | 32% | -12% | 19 |
| >30% growth | 4 | 11.6x | 44.1x | 22.6x | 60% | 17% | -73% | -11 |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Financial - Credit Services(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 3.4x | 22.3x | 23.2x | 19% | 25% | 22% | 40 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 4 | 4.6x | 22.3x | 26.5x | 25% | 25% | 32% | 55 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Financial - Data & Stock Exchanges(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 8.3x | 16.9x | 22.5x | 8% | 52% | 42% | 51 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 8.3x | 16.9x | 22.5x | 8% | 52% | 42% | 51 |
| <5% | — | — | — | — | — | — | — | — |
Financial Services(30 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 30 | 7.2x | 17x | 19.4x | 11% | 39% | 19% | 33 |
| >30% growth | 5 | 10.2x | 52.7x | 21.3x | 59% | 6% | -26% | 33 |
| 15–30% | 8 | 6.6x | 18.8x | 23.7x | 22% | 34% | 26% | 48 |
| 5–15% | 8 | 7.9x | 16.9x | 20.9x | 8% | 49% | 35% | 43 |
| <5% | 8 | 5.5x | 13.6x | 15x | -3% | 42% | 19% | 18 |
Gambling, Resorts & Casinos(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 3.1x | 19.2x | 26.6x | 15% | 11% | 10% | 36 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Household & Personal Products(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 3.8x | 20.9x | 23.5x | 3% | 18% | 18% | 22 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Independent Power Producers(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 3.4x | 11.8x | 15.7x | 4% | 19% | 1% | 3 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Industrials(23 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 23 | 5.8x | 19.7x | 25.7x | 10% | 16% | 11% | 21 |
| >30% growth | 4 | 9.8x | 73.6x | 70.1x | 36% | -10% | -3% | 36 |
| 15–30% | 3 | 7.3x | 45x | 41.4x | 19% | 22% | 7% | 26 |
| 5–15% | 8 | 4.2x | 19.6x | 25.7x | 10% | 16% | 12% | 22 |
| <5% | 8 | 6.2x | 16.2x | 21.9x | 2% | 23% | 15% | 18 |
Information Technology Services(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 7.1x | 13.1x | 13x | 7% | -2% | -19% | -26 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Insurance(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 1.8x | 9.9x | 13.3x | 8% | 18% | 17% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 1.7x | 10.9x | 12.7x | 11% | 15% | 19% | 30 |
| <5% | 4 | 2.2x | 9.7x | 16.4x | -4% | 20% | 15% | 6 |
Insurance - Diversified(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 2x | 11.8x | 13.8x | 12% | 20% | 14% | 27 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Insurance - Life(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 1.8x | 9.5x | 10.5x | 1% | 11% | 19% | 19 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Insurance - Property & Casualty(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 1.5x | 10.2x | 13.3x | 6% | 19% | 22% | 33 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Internet Content & Information(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 5.2x | 19.5x | 29.5x | 15% | 18% | 18% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 4 | 6.4x | 29.3x | 22.4x | 19% | 26% | 17% | 42 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Medical - Devices(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 4.9x | 22.3x | 20.3x | 11% | 25% | 18% | 31 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 4.9x | 22.6x | 20.3x | 10% | 24% | 18% | 27 |
| <5% | — | — | — | — | — | — | — | — |
Medical - Diagnostics & Research(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 6.1x | 24.6x | 24.2x | 5% | 26% | 19% | 23 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Medical - Healthcare Plans(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 0.5x | 13.6x | 13x | 12% | 4% | 3% | 15 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 0.5x | 13.6x | 13x | 12% | 4% | 3% | 15 |
| <5% | — | — | — | — | — | — | — | — |
Medical - Instruments & Supplies(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 6.1x | 15.9x | 19.8x | 10% | 37% | 29% | 50 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Medical & Healthcare(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 4.9x | 19.4x | 19.1x | 11% | 23% | 17% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 11 | 3.8x | 16.2x | 19.1x | 11% | 21% | 15% | 23 |
| <5% | — | — | — | — | — | — | — | — |
Oil & Gas(13 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 13 | 2.9x | 7.8x | 13.2x | -4% | 31% | 13% | 12 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 7.6x | 13.2x | 22.3x | 11% | 53% | 23% | 35 |
| <5% | 8 | 2x | 7.7x | 10.2x | -5% | 23% | 11% | 4 |
Oil & Gas Exploration & Production(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 3x | 5.6x | 13.4x | -3% | 53% | 25% | 22 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Oil & Gas Integrated(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 2.1x | 7.7x | 13.2x | -5% | 27% | 13% | 8 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 2.1x | 7.7x | 13.2x | -5% | 27% | 13% | 8 |
Oil & Gas Midstream(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 7.6x | 13.2x | 23.2x | 13% | 53% | 12% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 9.5x | 13.8x | 23.7x | 12% | 61% | 22% | 34 |
| <5% | — | — | — | — | — | — | — | — |
Oil & Gas Refining & Marketing(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 0.8x | 7.8x | 8.6x | -6% | 10% | 8% | 2 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 0.8x | 7.8x | 8.6x | -6% | 10% | 8% | 2 |
Railroads(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 9.8x | 15.7x | 23.4x | 2% | 48% | 20% | 21 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 9.8x | 15.7x | 23.4x | 2% | 48% | 20% | 21 |
Regulated Electric(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 5.9x | 13.9x | 18.5x | 11% | 48% | -15% | -6 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 5.9x | 13.9x | 18.5x | 11% | 48% | -15% | -6 |
| <5% | — | — | — | — | — | — | — | — |
Restaurants(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 5.1x | 22.7x | 31.3x | 7% | 17% | 11% | 27 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Retail(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 1.6x | 17.2x | 25.1x | 5% | 9% | 7% | 12 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 8 | 1.4x | 17x | 25.9x | 6% | 8% | 4% | 11 |
| <5% | 6 | 1.5x | 15x | 20.9x | 3% | 14% | 8% | 12 |
Semiconductors(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 16.5x | 41x | 29.4x | 23% | 38% | 28% | 49 |
| >30% growth | 6 | 18.2x | 34.6x | 28x | 45% | 60% | 28% | 70 |
| 15–30% | 4 | 20.4x | 43x | 33.7x | 23% | 38% | 29% | 49 |
| 5–15% | 3 | 12.7x | 27.1x | 27.1x | 13% | 42% | 28% | 39 |
| <5% | 3 | 8.1x | 32.2x | 26.2x | 0% | 22% | 18% | 13 |
Software(60 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 60 | 6.3x | 31x | 25.7x | 17% | 15% | 24% | 43 |
| >30% growth | 7 | 14x | 24.7x | 48.2x | 56% | 17% | 18% | 50 |
| 15–30% | 26 | 8.7x | 34.2x | 29.4x | 21% | 7% | 23% | 46 |
| 5–15% | 20 | 5.3x | 32.8x | 21.7x | 12% | 18% | 28% | 40 |
| <5% | 7 | 4.1x | 12.7x | 14.2x | 0% | 11% | 24% | 22 |
Software - Application(44 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 44 | 5.7x | 24.7x | 22.8x | 16% | 16% | 24% | 43 |
| >30% growth | 6 | 9.5x | 22x | 34.9x | 54% | 7% | 16% | 48 |
| 15–30% | 17 | 7.6x | 39.1x | 28.4x | 20% | 14% | 23% | 46 |
| 5–15% | 15 | 5x | 17.8x | 19.6x | 11% | 18% | 28% | 38 |
| <5% | 6 | 4.2x | 10.3x | 12.4x | 0% | 9% | 25% | 25 |
Software - Infrastructure(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 11x | 41.2x | 39.4x | 18% | 10% | 23% | 44 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 9 | 11.5x | 25.7x | 40.2x | 23% | 4% | 20% | 45 |
| 5–15% | 5 | 7.5x | 67.1x | 38.5x | 14% | 12% | 30% | 42 |
| <5% | — | — | — | — | — | — | — | — |
Specialty Retail(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 2.1x | 19.5x | 25.9x | 6% | 12% | 10% | 16 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 6 | 1.6x | 17x | 25.9x | 6% | 12% | 4% | 11 |
| <5% | — | — | — | — | — | — | — | — |
Telecom & Media(20 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 20 | 2.8x | 10.9x | 14.5x | 7% | 30% | 16% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 6 | 6.4x | 23.9x | 24.7x | 16% | 26% | 17% | 39 |
| 5–15% | 4 | 2.6x | 10.9x | 27x | 9% | 16% | 17% | 26 |
| <5% | 9 | 2.3x | 5.8x | 11x | 0% | 34% | 11% | 12 |
Telecommunications Services(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 2.7x | 5.9x | 10.4x | 1% | 35% | 15% | 16 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 5 | 2.6x | 5.8x | 9.9x | 0% | 36% | 14% | 16 |
Travel & Leisure(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 5.2x | 19.9x | 24.5x | 9% | 25% | 12% | 27 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 6 | 5.4x | 16.9x | 20.5x | 9% | 30% | 16% | 23 |
| <5% | — | — | — | — | — | — | — | — |
Travel Services(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 5.4x | 14.3x | 16.7x | 10% | 32% | 23% | 33 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 5.4x | 14.3x | 16.7x | 10% | 32% | 23% | 33 |
| <5% | — | — | — | — | — | — | — | — |
Utilities(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 6x | 15.5x | 19.1x | 11% | 47% | 5% | 11 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 5 | 6x | 15.5x | 19.1x | 11% | 47% | 5% | 11 |
| <5% | — | — | — | — | — | — | — | — |
Benchmarks are medians across companies in the ClarvenAI universe, grouped by industry and revenue-growth cohort (cohorts with fewer than 3 companies show “—”). For informational purposes only — not investment advice.