Valuation Trading Multiples & Precedent Transactions: Capital Markets Software Providers
Valuation benchmarks for Capital Markets Software Providers. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Capital Markets Software Providers Market Context & Valuation Drivers
Companies in this public trading comparables group provide enterprise software and technology platforms that power capital markets operations, including securities trading, settlement, investor servicing, fund distribution, and wealth administration. They monetize through recurring SaaS subscriptions, licenses, transaction fees, and managed services. These vendors are grouped together as valuation benchmarks because they serve similar regulated financial workflows, sell into institutions, and exhibit durable, mission-critical infrastructure characteristics.
Typical capabilities span multi-asset trading systems, order management and market connectivity, low-latency market data and analytics, transfer agency and investor servicing, fund accounting, administration and distribution, wealth and portfolio management platforms, core banking and payments modules supporting securities lifecycles, digital property and registry settlement, compliance, KYC/AML and regulatory reporting, plus APIs, integrations and professional services to embed platforms into enterprise workflows.
Primary customers include banks and custodians, broker-dealers and exchanges, asset and wealth managers, and fund administrators. Key valuation drivers include ARR and total recurring revenue mix, net revenue retention and churn, transaction volumes per client, gross and EBITDA margins, and contract duration and backlog. Outcomes center on operational resilience, regulatory compliance, scalability, and cross-sell across adjacent investment operations.
2. Valuation Analysis: Public Trading Comps & Multiples for Capital Markets Software Providers companies
2.1 - Public Peer Groups & Median Valuation Multiples for Capital Markets Software Providers sector
Comparable group 1: Capital Markets Software Providers
Computershare
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of global financial administration services, specializing in transfer agency, employee equity plans, proxy solicitation, and stakeholder communications to enhance corporate governance and investor relationships for major organizations worldwide.
- Key Products:
- Transfer Agency: Manages shareholder records and facilitates stock transaction processing
- Employee Equity Plans: Administers employee stock ownership and option plans
- Proxy Solicitation: Provides solicitation services for shareholder voting and corporate governance
- Corporate Trust Services: Offers trust and custody services for corporate debt
- Stakeholder Communications: Enhances stakeholder interactions through targeted communication solutions.
PEXA Group
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of a digital property settlement platform, facilitating secure and efficient transactions for the real estate industry across Australia and the UK, enhancing connectivity among stakeholders.
- Key Products:
- PEXA Exchange: A secure platform facilitating digital property settlements
- Digital insights: Data-driven insights for real estate and land valuation
- PEXA Projects: Technology for managing large-scale property settlements
- Cybersecurity support: Tools to enhance transaction security
- Customer support: Assistance for legal and financial professionals using PEXA solutions.