What Price Is Right? Weekly EV/Recurring Revenue Screen (2026 - Week 28)

研报英文原文证据摘录

What Price Is Right? Weekly EV/Recurring Revenue Screen (2026 - Week 28)

Software July 10, 2026

John DiFucci

john.difucci@guggenheimpartners.com What Price Is Right? Weekly EV/Recurring Revenue

212 518 9670 Screen (2026 - Week 28) Jacob Smith

jacob.smith@guggenheimpartners.com

212 518 9286 Key Message: In week 28 of 2026, we identify 75 out of 132 Software companies with

Tamjid Chowdhury identifiable recurring rev. that meet our criteria (at or below 6.2x EV/LTM Rec Rev, MC

tamjid.chowdhury@guggenheimpartners.com >$150M, and 6-month ADTV >$3M): COUR, EGHT, DOMO, SPT, CMRC, CXM, RPD,

212 823 6739 DOX, PD, YEXT, FIVN, ASAN, WIX, BLKB, RNG, SMWB, TDC, NICE, NABL, LZ, MNDY,

OTEX, DCBO, DV, TOST, FRSH, DOCU, GDDY, HUBS, SPSC, LSPD, PATH, AMPL, Richard Magnus

richard.magnus@guggenheimpartners.com PRGS, ESTC, BL, RAMP, VERX, BOX, BRZE, PEGA, WDAY, WK, PAYC, NCNO, DBX,

212 518 9308 ADBE, ZM, TEAM, PCTY, APPN, ALRM, AI, CRM, PCOR, INTA, ALKT, INTU, GTLB,

TENB, QTWO, CVLT, S, YOU, FSLY, RBLX, PTC, SAP, NTNX, DOCS, VIA, AVPT, TYL,

Blake Musumano DT, and ADP. blake.musumano@guggenheimpartners.com

212 518 9468

EV/Rec Rev Criteria. See Exhibit 3 for our weekly screen of over 200 Software companies, Lawrence Vensko

lawrence.vensko@guggenheimpartners.com including 132 for which we calculate EV/Rec Rev based on financial disclosures and/or

212 518 9548 information provided by the company. We draw the line at 6.2x, which implies that anything at

or below this value is trading at or below its theoretical intrinsic value. We’ve found that a first

Hazel Wang screen of EV/Rec Rev across the sector can identify stocks that we believe are simply too hazel.wang@guggenheimpartners.com

212 895 0499 cheap. Of course, every name must be explored with more detailed fundamental analyses