SEG-SaaS-Index-Update-Jan-2023-lrg

PUBLIC MARKETSEG SaaS Index Update: November 2022

The YTD price performance of the SEG SaaS Index remained unchanged month-over-month.

Download the SEG SaaS Index Update: November 2022

Despite continuing market volatility in November, the YTD stock price performance of the SEG SaaS Index remained flat compared to last month (-43.1% in October vs -43.8% in November).

Highlights:

  • Human Capital Management remains the strongest performing category in terms of YTD stock price performance (-7.8% in November), led by SaaS companies Paycor (0.4%), Benefit Focus (-2.7%), and HealthStream (-3.6%).
  • Public SaaS companies posted a median EV/Revenue multiple of 5.1x in November, dipping modestly below October’s 5.3x multiple. Over the last seven months, the median multiple has hovered between 5.1x and 6.8x EV/Revenue.
  • HCM (-7.8%), ERP & Supply Chain (-26.4%), Vertically Focused (-36.3%), Security (-38.4%), and Financial Applications (-38.6%) are product categories that all outperformed the SEG SaaS Index (-43.1%).