Using the industry peer median EV/EBITDA multiple (trailing + forward), Clearwater Analytics Holdings, Inc. (CWAN) has a fair value of $2.98 based on 6 comparable companies in the Software - Application industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Clearwater Analytics Holdings, Inc.CWAN | 6,615 | 65.2x | 65.3x |
| Ingram Micro Holding Corporation | 6,882 | 5.8x | 6.3x |
| WEX Inc. | 5,285 | 9.3x | 9.4x |
| ACI Worldwide, Inc. | 4,453 | 11.1x | 12.8x |
| Webull Corporation Class A Ordinary Shares | 3,775 | 36.8x | 45.9x |
| Bill.com Holdings, Inc. | 3,734 | 31.5x | 28.1x |
| Bitdeer Technologies Group | 2,313 | 11.7x | 20.7x |
| Industry Median | 11.4x | 16.8x | |
| (*) EBITDA | 114 | 114 | |
| = Enterprise Value | 1,298 | 1,903 | |
| (-) Net Debt | 792 | 792 | |
| Equity Value | 506 | 1,111 | |
| (/) Outstanding shares | 271 | 271 | |
| Fair Price | $2 | $4 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Clearwater Analytics Holdings, Inc. (CWAN) has a fair value of $6.34 based on 10 comparable companies in the Software - Application industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Clearwater Analytics Holdings, Inc.CWAN | 6,615 | 10.1x | 10.1x |
| Ingram Micro Holding Corporation | 6,882 | 0.1x | 0.1x |
| JFrog Ltd. | 5,513 | 10.3x | 12.8x |
| WEX Inc. | 5,285 | 3.5x | 3.5x |
| ACI Worldwide, Inc. | 4,453 | 2.9x | 3.4x |
| Zeta Global Holdings Corp. | 4,344 | 3.2x | 3.3x |
| Webull Corporation Class A Ordinary Shares | 3,775 | 2.9x | 3.6x |
| Bill.com Holdings, Inc. | 3,734 | 3.0x | 2.7x |
| Workiva Inc. | 3,080 | 4.0x | 4.8x |
| Bitdeer Technologies Group | 2,313 | 5.4x | 9.5x |
| Diginex Limited | 68 | 32.1x | — |
| Industry Median | 3.4x | 3.5x | |
| (*) Revenue | 731 | 731 | |
| = Enterprise Value | 2,453 | 2,570 | |
| (-) Net Debt | 792 | 792 | |
| Equity Value | 1,661 | 1,779 | |
| (/) Outstanding shares | 271 | 271 | |
| Fair Price | $6 | $7 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.