Enterprise Valuation as a multiple of the ARR.

Enterprise Valuation as a multiple of the ARR.

[{"0":"","1":"2019","2":"2020","3":"2021","4":"2022","5":"2023","6":"2024","7":"2025","8":"","9":"","10":"","11":"","12":"","13":"title 1","14":"title 2","15":"title 3","16":"SubTitle"},{"0":"Self-Serve SaaS","1":"15.35","2":"25.59","3":"28.55","4":"9.39","5":"12.63","6":"12.33","7":"10.86","8":"","9":"","10":"","11":"","12":"","13":null,"14":null,"15":null,"16":null},{"0":"Serviced SaaS","1":"12.98","2":"26.87","3":"21.76","4":"8.18","5":"11.93","6":"14.07","7":"14.6","8":null,"9":null,"10":null,"11":null,"12":null,"13":null,"14":null,"15":null,"16":null},{"0":"CGES Index","1":"13.94","2":"26.38","3":"24.7","4":"8.7","5":"12.38","6":"13.26","7":"12.85","8":null,"9":null,"10":null,"11":null,"12":null,"13":null,"14":null,"15":null,"16":null}]

  • bullet

    Serviced SaaS has continued to see multiple expansion into 2025, reaching 14.6x EV/ARR

  • bullet

    This suggests that markets are increasingly valuing deeper enterprise relationships, workflow integration, and AI-enabled service layers, which are perceived as more defensible in the current environment.

  • bullet