PUBLIC MARKETSEG SaaS Index Update: April 2023

Publicly traded SaaS companies have positive momentum as the median EV/Revenue multiple reaches 6.0x EV/Revenue, one of the highest multiples since mid-2022.

Download the SEG SaaS Index Update: April 2023

Our April update provides insightful data on the stock price performance of the SEG SaaS Index. Our SEG SaaS Index comprises 116 publicly traded companies that primarily offer solutions via the cloud (may have a subscription or transaction-based pricing model).


  • On a median EV/Revenue basis, ERP & Supply Chain (8.7x) and Human Capital Management (8.7x) led all other product categories in April.
  • ERP & Supply Chain is the highest-performing product category on a median YTD price change basis, up 15.3% by the end of April.
  • Notable top performers experiencing great share price growth YTD include Fastly (80.5%), Intapp (61.7%), and Salesforce.com (49.6%).