CIFSO Valuation Index
Benchmark your organisation's value.
The CIFSO Valuation Index correlates your organisational score with EU market transaction multiples. A reference tool for founders, executives and investors.
INDEX ACCESS
Three levels of reading value.
Free access
Free
A first reading to understand the model.
- Illustrative test base in fifteen minutes
- Estimated grade and score out of 100
- Wide valuation range
- One median multiple per industry
Index subscription
Monthly
Complete data to decide, negotiate and follow the market.
- Full multiples per industry: EV/Revenue and EV/EBITDA
- Benchmarks per dimension C, I, F, S, O
- Narrowed range and detail of your score
- Comparison with certified organisations by grade
- Monthly updates and market alerts
Coming soon
The Index subscription opens shortly. Sign up to be notified and get the 3-day trial at launch.
Join the waitlist
Certified valuation
CIFSO 5000 Certification
The quantified conclusion of an independent audit, defensible to an investor, a bank or a partner.
- Multiple adjusted across the five audited dimensions
- Impact of each dimension in euros
- Quantified roadmap potential
- Verifiable certificate, valid twelve months
What your Index workspace will look like.
Once the subscription opens: three levels of reading combined in a single workspace, filtered by industry, vertical, metric or CIFSO grade, never with an identifiable transaction or organisation.
EV/Revenue and EV/EBITDA multiples aggregated by industry and vertical, from official macro sources (SNB, ECB, Eurostat) and Aegryn curated series.
Filters
Industry
Vertical
Metric
CIFSO Grade
Period
| Industry / Vertical | EV/Revenue (P25 · Median · P75) | EV/EBITDA | ARR multiple | Median CIFSO score | Sample |
|---|---|---|---|---|---|
Vertical SaaS Tech, Innovation & Public Sector | 4.2x · 6.1x · 8.9x | 11.4x | 5.8x | 74/100 | n=38 |
FinTech & payments Finance & Capital | 3.1x · 4.8x · 7x | 9.2x | 4.9x | 71/100 | n=22 |
HealthTech & digital health Health & Life Sciences | 3.8x · 5.5x · 7.8x | 10.1x | 5.2x | 69/100 | n=17 |
Energy & climate tech Industry, Energy & Infrastructure | 2.4x · 3.6x · 5.1x | 7.8x | — | 66/100 | n=14 |
E-commerce & retail Commerce, Services & Customer Experience | 2x · 3x · 4.4x | 6.9x | 3.1x | 62/100 | n=26 |
Illustration of the upcoming interface: real columns and filters, sample values only. Source shown to subscribers: Aegryn CIFSO Valuation Index.
THE BENCHMARK ENGINE
Five industries, 200+ verticals, nine metrics. One source.
The Index aggregates official transaction and market data, consolidated and updated quarterly by Aegryn analysts, then links it to the CIFSO score across five dimensions. No personal data, no identifiable transaction.
5
industries
204
verticals
9
metrics
·
reference period
EV/Revenue multiples by industry
p25 to p75 range, median highlighted. One industry is open as a preview; the others are reserved for subscribers.
P25 and P75: lower and upper bounds of the market range (25% of dossiers fall below P25, 25% above P75). The median (P50) is the midpoint value.
Source: Aegryn CIFSO Valuation Index. Aggregated data, monthly updates, no identifiable transaction.
THE METRICS
Metrics covered
Value multiples, quality metrics and the CIFSO reading. Locked metrics are reserved for subscribers.
EV / Revenue
OpenEnterprise value over annual revenue. Reference multiple for comparing organisations of different sizes.
Unit : xEV / EBITDA
SubscribersEnterprise value over EBITDA. Relevant once operating profitability is established.
Unit : xARR multiple by vertical
SubscribersMultiple applied to annual recurring revenue (ARR), broken down by vertical for subscription models.
Unit : xAnnual growth
SubscribersRevenue growth over twelve months, one of the main valuation drivers.
Unit : %Net revenue retention (NRR)
SubscribersShare of recurring revenue retained and expanded among existing customers, excluding new acquisitions.
Unit : %Gross margin
SubscribersGross margin after direct cost of production or service, an indicator of the quality of the business model.
Unit : %Rule of 40
SubscribersSum of annual growth and margin: a combined read of growth and profitability.
Unit : ptsCIFSO score by grade
OpenMedian CIFSO score observed by grade among certified organisations, across five dimensions.
Unit : ptsMultiple gap by dimension
SubscribersValuation multiple gap between a B-rated and an AAA-rated organisation, by CIFSO dimension.
Unit : %Coverage by industry and vertical
Each vertical inherits its industry multiples, refined by a dedicated series where one exists. Verticals in green have their own ARR series.
Extended map: 22 clusters, 200+ tech verticals.
Beyond the industries and their reference multiples above, the Index maps the technology component of each sector: 22 clusters identical to those on our Industries pages, broken down into 200+ tech-driven verticals. A coverage map, not yet a dedicated multiple series for each.
The 200+ tech verticals below are currently documented in English only; industries and clusters remain in your language.
CIFSO Score × Multiple Correlation
Your CIFSO score determines your multiple.
Data from CIFSO 5000 certifications and EU M&A transactions shows a direct correlation between organisational maturity and the multiple achieved.
Simulated data based on EU market research. CIFSO 5000 certification data will be integrated progressively as certifications are completed.
Sample result
What does your CIFSO result look like?
Before launching your Pre-screen, here is an anonymised sample result. The Pre-screen is the free self-assessment step that positions your organisation in the CIFSO Valuation Index.
Global score
67 / 100
Estimated pre-grade
Gap vs sector median
+7 points
Estimated valuation range
€4.2M : €5.8M
EU sector median multiple : 0.6x revenue
3 priority levers identified
Market data
EU Transaction Multiples Lower mid-market reference
EU M&A transactions in the €5M–€300M range. Updated quarterly by the Aegryn team.
Preview: one industry open, the others reserved for subscribers.
These figures represent median multiples for EU lower mid-market M&A transactions (€5M–€300M). They do not constitute a valuation. Source: Aegryn CIFSO Valuation Index.
BENCHMARKS PER DIMENSION
What each dimension weighs in the multiple.
Beyond a sector multiple, the Index measures each CIFSO dimension's contribution to value. A preview is open; the detail is reserved for subscribers.
Coming soon
Reserved for Index subscribers
Full multiples per industry and per dimension, benchmarks by grade, quarterly updates, narrowed range.
Get notified at launchDimension
Median score of certified organisations
Multiple gap between B and AAA
Average impact in euros
Four-quarter trend
Code & Architecture
20% weight in the multiple
14,2 / 20
+1,8x
+420 k€
▲ 3 %
IP & Rights
20% weight in the multiple
14,2 / 20
+1,8x
+420 k€
▲ 3 %
Finance
30% weight in the multiple
14,2 / 20
+1,8x
+420 k€
▲ 3 %
Security
15% weight in the multiple
14,2 / 20
+1,8x
+420 k€
▲ 3 %
Organisation & Talent
15% weight in the multiple
14,2 / 20
+1,8x
+420 k€
▲ 3 %
WHO IT IS FOR
A common reference for all parties.
Executives, shareholders, investors, financiers, advisors and partners read the same data. That is what makes a value defensible.
Executives & shareholders
Position the value before a decision, prepare a fundraise, a transfer or a succession.
Funds & family offices
Screen targets and holdings, identify off-balance-sheet risks before due diligence.
Banks & lenders
Objectify a borrower's value and transferability beyond financial statements.
M&A advisers & accountants
Support a mandate, a memorandum or an attestation with an independent reference.
Acquirers & corporate development
Compare targets across five dimensions and calibrate a defensible offer.
Successors & families
Share a neutral reading of value between seller, heirs and buyer.
Frequently asked questions
CIFSO Pre-screen
Position your organisation in the Index.
The Pre-screen is a 15-minute guided self-assessment across 5 CIFSO dimensions. It generates a score, an estimated pre-grade and an indicative valuation range.