It’s been about two weeks since Claude released the legal productivity tool which prompted a massive sell-off in SaaS stocks. Below we share where individual and consolidated SaaS multiples are as of February 16th. Of the 81 publicly traded SaaS companies we follow, the median multiple has fallen to 4.04x revenue and the average fell to 6.19x.
Multiples for SaaS companies growing above the median of 17% are stronger, but had a similar fall: 6.05x on median and 9.18x on average. Overall, SaaS lost about ~25% of its value in public markets after the release of Claude’s legal productivity tool. The data is below.
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