OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
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Valuation Tracker By Industry Sector
Valuation Tracker By Sector
The Viridian Value Tracker is the most comprehensive valuation product in the industry.
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- A broad set of 12 valuation measures assures applicability, regardless of whether the company has analyst coverage or revenues. The typically presented EV/ Projected Revenues and EV/ Projected EBITDA are available for less than 1/3 of the cannabis companies we track.
- Most valuation studies present only the average valuation measures, while the Tracker goes one step further and shows the distribution of values (the quartiles, median, and dispersion) for each measure. This gives users a more complete view of how companies in the cohort group are valued.
Week ended 08/15/2025
Sector Valuation Report – Agriculture Technology Valuation Metrics have come a long way.
- The median valuation metrics of the Ag Tech sector are now an EV/2026 revenue multiple of 1.34x and an EV/2026 EBITDA multiple of 7.87x. Admittedly, these values are based on the 5 out of 14 companies in the sector that have sell-side analyst coverage. But even looking at EV/ annualized revenues for the 14 companies, we get a respectable 1.17x.
- The median market-to-book ratio is 1.11x, compared to the 0.57x we measured for the group median at the end of June.
- Optimism about the financial health of Ag Tech’s biggest customers, the cultivators, is beginning to seep through to the stocks of the picks and shovels crowd.
Week ended 08/15/2025
Sector Valuation Report – Agriculture Technology Valuation Metrics have come a long way.
- The median valuation metrics of the Ag Tech sector are now an EV/2026 revenue multiple of 1.34x and an EV/2026 EBITDA multiple of 7.87x. Admittedly, these values are based on the 5 out of 14 companies in the sector that have sell-side analyst coverage. But even looking at EV/ annualized revenues for the 14 companies, we get a respectable 1.17x.
- The median market-to-book ratio is 1.11x, compared to the 0.57x we measured for the group median at the end of June.
- Optimism about the financial health of Ag Tech’s biggest customers, the cultivators, is beginning to seep through to the stocks of the picks and shovels crowd.
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