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InsightBLOGMarch 16, 20261 min read
SaaS Isn’t Dead, the Pricing Model Might Be
By alphaseeker84
Primary Source Material
Published via substack_alphaseeker84
Something broke in software over the last few months. NOW’s NTM P/FCF compressed from 43x to 25x.
went from 26x to 16x.
from 40x to 23x. This wasn’t broad market selloff but a precise repricing within application software land. The pattern held across the cohort, but the dispersion is what matters. ...
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