THEMATIC
10X NTM REVENUE MULTIPLE INDEX

TENNTM

$TENNTM

Index Performance

-1.72%
TENNTM
-6.23%
EMCLOUD
-4.09%
NQG10

Overview

Description

Based on the research by Jamin Ball (@jaminball) on his Clouded Judgement Substack where he analyzed cloud software companies that at one point in time were trading at >10x NTM revenue. This is an Index that tracks the 22 companies that hit >10x NTM revenue at some point, 33% ended up with a CAGR >20% from the time they hit 10x to today.

  • TickerTENNTM
  • Inception Date11/18/2022
  • WeightingEqual
  • # of holdings22
What's inside?

Holdings

All holdings as of September 27, 2023
CSV download
Qualys, Inc. (QLYS)4.90%$5.560B13.81%80.48%8.69x
Dynatrace, Inc. (DT)4.76%$13.371B24.55%79.54%11.95x
AppFolio, Inc. (APPF)4.75%$3.625B25.22%56.03%11.27x
CrowdStrike Holdings, Inc. (CRWD)4.71%$36.278B36.71%74.93%13.93x
Five9, Inc. (FIVN)4.66%$4.572B17.69%52.12%7.12x
Atlassian Corp. (TEAM)4.65%$29.070B23.59%81.68%11.93x
Veeva Systems, Inc. (VEEV)4.62%$29.142B10.48%71.36%13.23x
Cloudflare, Inc. (NET)4.61%$16.583B31.54%75.62%19.16x
Okta, Inc. (OKTA)4.58%$12.482B23.06%73.20%5.80x
Paylocity Holding Corp. (PCTY)4.58%$9.918B34.73%68.39%8.72x
Zscaler, Inc. (ZS)4.56%$21.785B43.06%77.42%13.97x
Adobe, Inc. (ADBE)4.55%$230.772B11.67%87.28%13.58x
Autodesk, Inc. (ADSK)4.54%$43.108B8.32%89.61%9.00x
BlackLine, Inc. (BL)4.52%$3.220B12.53%74.33%7.48x
HubSpot, Inc. (HUBS)4.52%$23.419B25.46%83.50%13.23x
ServiceNow, Inc. (NOW)4.51%$111.268B22.72%78.09%14.08x
Smartsheet, Inc. (SMAR)4.47%$5.213B26.19%80.03%6.28x
Datadog, Inc. (DDOG)4.44%$25.890B25.44%79.97%16.02x
Paycom Software, Inc. (PAYC)4.42%$15.334B26.57%72.93%11.64x
Bill Holdings, Inc. (BILL)4.34%$10.438B47.83%76.86%10.96x
MongoDB, Inc. (MDB)4.33%$23.208B39.56%74.60%19.73x
Shopify, Inc. (SHOP)3.98%$61.992B30.80%50.94%12.54x
Market data by FactSet

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