Data source: Multiples.vc, data as of 24th November 2025. Additional sources: Bloomberg, Crunchbase, company press releases
Graphics: made with Flourish + PowerPoint, logos looked up online
by alex-medellin
Data source: Multiples.vc, data as of 24th November 2025. Additional sources: Bloomberg, Crunchbase, company press releases
Graphics: made with Flourish + PowerPoint, logos looked up online
by alex-medellin
13 Comments
Missing branda like LEGO, LIDL from top of my head
I am german and I am confused. I’d thought aldi or the schwarz group would be part of that list.
DJI valuation seems crazy low. They have an insane moat on drones, and are currently entering new markets (vacuum robots, electric bicycles, etc.).
Tether is owned by iFinex, also privately held.
Is Tether valued at 500b, or do they have 500b in user deposits?
Kind of ridiculous considered openAI isn’t making any profit
Lmao imagine valuing canva at 65billion lmao again
Lol give it some time for Wallstreet and the tech bros to run out of powder.
2026 will be a big year! .. for a recession
And the CEOs of these companies will tell you that trans people and immigrants are causing our problems not insane wealth inequality.
Meanwhile OpenAI is not profitable, and has no idea how or when they’ll be profitable. Sam Altman said their current plan is to ask ChatGPT for ideas on how to make the model viable.
These numbers are insane to me…
Some of these companies… Miro… worth $15B?
Errr how… what are they making money from
Can’t find Ikea in there… supposedly also at $15B. I can understand that evaluation though.
Saying stuff without saying anything. Although seeing the company website, I get the feeling that that’s exactly what it’s selling.
I understand that private company valuations are not trivial, and are useful to tabulate in one place. A visualization like this then takes all that potential usefulness and throws it out. (How the valuation is being done, for example, is vital information, and as others are pointing out it appears to be inconsistent, which would be evident from inconsistent sources, which you do not reveal in detail.)
There are so many errors and omissions in this chart it’s hard to even know where to start.