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%).