PUBLIC MARKETSEG SaaS Index Update: November 2021

EV/Revenue multiples remained strong in November as the SEG SaaS Index reached a median of 14.8x.

Download the SEG SaaS Index Update: November 2021

A quick update on public SaaS company stock performance over November.


  • Public SaaS companies posted a median EV/Revenue multiple of 14.8x in November.
  • Notably, three companies have posted remarkable YTD price returns, including Asana (251.8%), Cloudflare (147.7%), and Sprout Social (145.9%).
  • The SEG SaaS Index dipped towards the end of November due to market uncertainty and was down 4.3% YTD.
  • Select product categories outperforming other cohorts include Sales & Marketing (28.1%), Dev Ops & IT Management (17.7%), and ERP & Supply Chain (11.4%).