Deel vs Multiplier

Side-by-side comparison of model-estimated upside.

Deel

-59%

est. 2Y upside i

HR Tech

Rank

#2151

Sector

Global HR/Payroll

Est. Liquidity

~3Y

Data Quality

Data: Medium

Deel: Strong Upside with 45% expected upside.

Last updated: March 22, 2026

Multiplier

-71%

est. 2Y upside i

HR TechSeries B

Rank

#3851

Sector

HR Tech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Multiplier operates in a high-growth HR Tech sector with a strong competitive moat, but its current $400M valuation on ~$25M revenue (16x multiple) is aggressive, especially when compared to larger, more established competitors like Deel and Gusto.

Last updated: March 10, 2026

Note: These companies have different risk levels. Deel (Moderate Risk) and Multiplier (Higher Risk). A higher expected upside in a higher-risk company comes with greater uncertainty. Compare within the same risk tier for more meaningful evaluation.

Upside Comparison

Expected Upside

Deel

-59%

Multiplier

-71%

Disclaimer: These rankings are AI-generated estimates and do not constitute financial or career advice. Always conduct your own due diligence.