Cloud Exuberance Index as of 12/31/2021

The Cloud Exuberance Index (CEX) closed the year on a downtrend. I’m curious to see
where it goes this coming year.

This index is something I created for my own amusement. I’m posting it here in case you are
interested. The Law of Small Numbers says beware attaching any meaning to this graph.

The multiple for any month is compared to the multiple in the base month ending 12/31/2019.
Currently 1.6x. Data is from the BVP Cloud Index site which uses EV/Annualized Revenue to get
the average multiple for 58 EMCLOUD Index constituents.

Best to you,