Multiples by Market Cap Class (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2025

		Median values
Market Cap Decile	Number of firms	Trailing PE	Forward PE	PEG Ratio	PBV	Price/Sales	EV/EBIT	EV/EBITDA	EV/Sales	EV/Invested Capital	ROE	Pre-tax ROIC	Net Margin	Operating Margin	% of companies with Net Income <0	% of companies with Operating Income <0
Bottom decile	461	12.28	5.00	0.49	1.03	1.44	21.19	15.76	1.74	1.47	-41.75%	-33.55%	-29.88%	-22.45%	83.08%	86.98%
2nd decile	462	11.01	28.20	0.73	1.06	1.75	28.57	18.32	2.08	1.21	-22.27%	-9.31%	-11.46%	-3.71%	71.43%	79.44%
3rd decile	461	13.08	13.65	0.82	1.04	2.23	33.83	31.75	2.21	1.21	-5.77%	-1.42%	-0.23%	-0.17%	60.09%	72.67%
4th decile	462	13.66	12.85	0.91	1.19	2.12	22.77	17.01	2.41	1.33	-2.90%	-0.06%	-1.14%	0.00%	58.87%	63.64%
5th decile	462	15.35	13.89	1.10	1.47	2.61	19.01	14.44	2.81	1.64	0.00%	0.02%	0.39%	0.09%	54.33%	54.76%
6th decile	462	16.66	13.79	1.21	1.57	2.17	18.81	13.08	2.64	1.78	5.13%	2.39%	3.12%	3.16%	43.07%	38.10%
7th decile	461	19.92	16.24	1.99	1.87	2.12	20.42	12.79	2.44	2.37	4.47%	4.00%	3.18%	4.51%	39.05%	32.32%
8th decile	462	19.83	17.45	1.96	2.44	2.67	18.41	13.31	3.29	2.52	9.57%	8.49%	7.08%	8.30%	26.62%	24.24%
9th decile	462	24.69	19.24	2.24	3.24	2.82	21.28	15.01	3.40	3.67	12.68%	12.56%	8.34%	11.70%	15.80%	15.80%
Top decile	462	25.85	21.18	2.49	4.30	3.84	22.82	16.60	4.81	5.20	17.89%	18.59%	13.08%	17.36%	8.01%	9.31%
All firms	4,617	18.74	17.24	1.70	1.69	2.22	21.07	14.58	2.78	1.97	3.28%	0.10%	1.87%	0.30%	57.49%	59.06%