Low-Code / No-Code
Low-code and no-code SaaS platforms allow non-technical users to build workflows, apps, and automations without writing code. This category is growing rapidly as enterprises seek to accelerate digital transformation without expanding engineering headcount. Track 2 public low-code/no-code companies here.
What drives multiples in Low-Code / No-Code
Low-code multiples depend heavily on whether the platform has achieved enterprise adoption or remains primarily in SMB workflows. Enterprise-grade platforms command premium multiples justified by high ACV, strong NRR driven by user seat expansion, and consumption-based pricing on automations. SMB-focused vendors face pricing pressure and churn sensitivity to economic cycles.
Top performers in this sector
Sector vs. all public SaaS
2 Companies
Sector Insights
Valuation discount
Median EV/Revenue of 2.9x is more than 20% below the all-SaaS median of 4.0x. The market may be pricing in lower growth expectations, margin headwinds, or increased competitive pressure in this category.
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