Recent data reveals valuation multiples for various sectors within the Software as a Service (SaaS) industry. Human Capital Management (HCM) leads with a multiple of 8.3x, featuring companies like Workday and Paycom. Infrastructure follows at 7.0x, including Snowflake and Datadog. Security firms such as CrowdStrike and Palo Alto Networks are valued at 6.6x. Vertical SaaS companies, including Veeva Systems, have a multiple of 5.7x, while Industrial SaaS, represented by Autodesk, stands at 5.0x. Application software firms like Salesforce and Adobe are valued at 4.2x, and the Commerce sector, with companies like Shopify, is at 3.7x.