Valuation benchmarks for B2B Cloud Software Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
Companies in this group are public providers of B2B cloud application software delivered via multi-tenant SaaS with subscription and usage-based pricing. They monetize seats, modules, and platform capabilities for enterprise and mid-market buyers. Grouped together as public trading comparables, they share recurring revenue models, scalable delivery, and similar retention dynamics, offering consistent valuation benchmarks for comparable company analysis.
Core capabilities span unified communications and omni-channel contact center, collaboration and work management, content and document clouds with e-signature, digital experience and product analytics, web performance acceleration via CDN and edge delivery, cloud application security, and low-code workflow automation including RPA. Many vendors also provide vertical SaaS for digital banking, property operations, and IoT device management, with APIs and integrations that enable cross-sell, upsell, and multi-product adoption.
Primary customers include enterprise IT organizations, line-of-business teams in marketing, product, and operations, and mid-market and SMB buyers across regulated verticals such as financial services and real estate. Key valuation drivers include ARR growth, net revenue retention, gross margin, and Rule of 40 performance, supported by efficient sales productivity, seat expansion, and cohort durability that signal predictable cash flows and operating leverage.
2. Valuation Analysis: Public Trading Comps & Multiples for B2B Cloud Software Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for B2B Cloud Software Companies sector
Description: Companies in this group are public providers of B2B cloud application software delivered via multi-tenant SaaS with subscription and usage-based pricing. They monetize seats, modules, and platform capabilities for enterprise and mid-market buyers. Grouped together as public trading comparables, they share recurring revenue models, scalable delivery, and similar retention dynamics, offering consistent valuation benchmarks for comparable company analysis.
Description:
Provider of cloud communication and collaboration solutions including voice, video, chat, contact center, and API services to enhance productivity, agility, and responsiveness for businesses and organizations worldwide.
Key Products:
8x8 Work: Unified communication service integrating voice, video, and chat
8x8 Contact Center: Omni-channel contact center solution for customer service
8x8 Video Meetings: Secure video conferencing with collaboration tools
8x8 Communication APIs: Programmable interfaces for integrating communication services
8x8 Team Messaging: Instant messaging platform with team collaboration features
Description:
Provider of diversified software solutions for creative, marketing, and document management, delivering tools for content creation, digital media, and interactive experiences. Offers cloud-based services for design, publishing, and analytics globally.
Key Products:
Creative Cloud: Comprehensive suite of creative tools including Photoshop, Illustrator, and Premiere Pro
Document Cloud: Tools for PDF creation, e-signatures, and document management
Adobe Analytics: Advanced analytics tools for data-driven insights
Adobe Experience Cloud: Solutions for customer experience management
Adobe Stock: Library of high-quality stock images and videos.
What is the current median EV/Revenue multiple for B2B Cloud Software Companies?
Based on our index of public trading comparables, the median Enterprise Value to Revenue (EV/Rev) multiple for the B2B Cloud Software Companies sector is currently
β.βx.
High-growth peers in the top quartile are trading at
ββ.βx.
View full data.
What is the average EV/EBITDA multiple for companies in this sector?
Profitable companies in the B2B Cloud Software Companies sector trade at a median EV/EBITDA multiple of
ββ.βx.
This represents a change vs the 5-year historical average.
Our platform tracks EBITDA multiples for B2B Cloud Software Companies and other key peer groups.
How have valuation multiples for B2B Cloud Software Companies trended over the last 5 years?
Valuations have adjusted since 2021.
The sector saw peak multiples of ββ.βx EV/Revenue, settling to a 5-year average of β.βx today.
Access our Historical Trends chart for granular monthly data.
What are recent M&A transaction multiples in the B2B Cloud Software Companies space?
Recent precedent transactions indicate implied enterprise values ranging from
β.βx to
ββ.βx Revenue.
Private market deals often trade at a liquidity discount compared to public peers.
Unlock the full list of precedent transactions.
Which public companies are used as trading comps for B2B Cloud Software Companies?
The primary trading comparable group includes B2B Cloud Software Companies.
Key constituents used for benchmarking include large-cap leaders and specialized mid-cap players.
See the full list of companies in the Public Trading Comps section.
How do I value a private company in the B2B Cloud Software Companies sector?
Valuing a private B2B Cloud Software Companies company typically involves applying current
EV/Revenue and EV/EBITDA multiples from public peers to the private company's financial metrics.
A discount for lack of marketability (DLOM) of 20-30% is often applied.
Our private company valuation database provides the exact multiples needed for this calculation.
What are the B2B Cloud Software Companies industry valuation multiples for 2025?
For 2025, the B2B Cloud Software Companies industry is trading at a median EV/Revenue multiple of
β.βx.
This reflects current market sentiment, interest rates, and growth expectations.
Access our platform to see how these multiples have changed from 2024 to 2025.
What is the difference between trading comps and transaction multiples for B2B Cloud Software Companies?
Trading comps look at how public markets value similar companies today, while
transaction multiples (or precedent transactions) look at the price paid in past M&A deals.
Transaction multiples often include a "control premium," typically resulting in higher valuations than trading comps.
Our database tracks both trading multiples and M&A transaction multiples.
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