GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Clarivate Plc
Clarivate is an information analytics company that owns databases such as the Web of Science. Its stock price reflects the stability of its subscription model, but also the challenges associated with integrating numerous acquisitions and high debt.
Share prices of companies in the market segment - Data
Clarivate is an information and analytics company that owns scientific databases. We classify it as part of the data sector, and the chart below illustrates the overall dynamics of this market, which is based on a subscription model and demand from the scientific community.
Broad Market Index - GURU.Markets
Clarivate is a global provider of information and analytics for scientific research, intellectual property, and pharmaceuticals. Its unique business makes it a key component of the GURU.Markets index. The chart below represents the entire market. See how Clarivate fits into the overall dynamics.
Change in the price of a company, segment, and market as a whole per day
CLVT - Daily change in the company's share price Clarivate Plc
The daily price change of Clarivate, an information and analytics company, reflects the demand for data in science and business. Change_co measures volatility associated with the subscription model and M&A activity. This basic metric is essential for building complex analytical models for assessing revenue stability on System.GURU.Markets.
Daily change in the price of a set of shares in a market segment - Data
Clarivate Plc is a global provider of information and analytics. This chart shows the average daily volatility of the sector. Comparing it to CLVT, whose business is based on scientific and patent subscriptions, helps assess its stability compared to cyclical companies.
Daily change in the price of a broad market stock, index - GURU.Markets
Clarivate is a global provider of information and analytics for scientific research and intellectual property management. Its subscription-based business is considered relatively stable. The chart below shows the overall market volatility, which may make Clarivate appear more secure.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Clarivate Plc
Clarivate is an information and analytics giant providing data and solutions for science and intellectual property management. Its year-over-year growth reflects the steady growth of its subscription model and the indispensable role of its databases in professional work.
Annual dynamics of market capitalization of the market segment - Data
Clarivate Plc provides critical information and analytics for scientific research and intellectual property protection. Its subscription-based business is very stable. The chart shows how its dominant position in its niches and significant debt impact its performance in the data sector.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
Clarivate, which provides analytical information for science and business, has a highly resilient business model. Its revenue is based on subscriptions, which customers continue to use even during a crisis. The company's stock price has demonstrated defensive, non-cyclical growth, reflecting the ongoing demand for high-quality data.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Clarivate Plc
Clarivate, a provider of scientific and patent information, enjoys a stable performance. The monthly fluctuations on the chart reflect predictable subscription revenue from universities, research centers, and corporations that rely on its data for their work.
Monthly dynamics of market capitalization of the market segment - Data
Clarivate Plc is a global data analytics company, owning renowned databases and brands such as Web of Science and Cortellis. Its sector dynamics, shown in the chart, reflect the demand for data. Against this backdrop, one can see how its subscription model and ownership of unique scientific datasets and intellectual property create a competitive advantage for Clarivate.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Clarivate provides critical data and analytics for science and business on a subscription basis. This model ensures stable cash flow. Despite market fluctuations, as shown in the chart, Clarivate's business often demonstrates greater resilience. While clients' budgets may be cut during a crisis, giving up key data is the last thing companies want to do.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Clarivate Plc
The weekly stock price of Clarivate, a data analytics company, reflects corporate and academic budgets. Its stock price reacts to news of large subscriptions to its databases and general trends in research and development spending. The chart below shows how short-term changes in the business and academic environment affect the company's valuation.
Weekly dynamics of market capitalization of the market segment - Data
How does Clarivate's performance compare to the information services sector? The chart below compares the analytics company's weekly stock price movements with the industry average. This helps us understand whether its response to corporate and scientific budgets is typical, or whether its unique set of data and patents is creating its own price trajectory.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Clarivate owns and operates scientific and academic information databases. Its subscription-based business is relatively stable. This chart compares its weekly performance to the market to assess whether its predictable revenue makes its shares less volatile than the overall market.
Market capitalization of the company, segment and market as a whole
CLVT - Market capitalization of the company Clarivate Plc
Clarivate Plc's valuation reflects its key role in the world of scientific information and intellectual property. The company's market capitalization, which owns databases like Web of Science, depends on subscriptions from universities and corporations. The chart shows how investors value its unique information assets.
CLVT - Share of the company's market capitalization Clarivate Plc within the market segment - Data
Clarivate Plc is a global provider of analytical information and data for scientific research, patent analytics, and pharmaceuticals. Its share of its sector market capitalization reflects the value of its unique databases and platforms. The chart shows how investors value its subscription-based business model and its key role in the innovation ecosystem.
Market capitalization of the market segment - Data
The chart shows the combined market capitalization of data and analytics providers. Clarivate Plc, which owns databases of scientific publications and patents, occupies a unique niche. The graph illustrates how the market values โโinformation, which fuels innovation in science and business.
Market capitalization of all companies included in a broad market index - GURU.Markets
This chart depicts the market value of information. The market capitalization of Clarivate, a scientific data and patent information aggregator, reflects the market's assessment of the value of knowledge for innovation. The dynamics demonstrate how access to trusted data is becoming a critical asset, shaping its share of the global economy.
Book value capitalization of the company, segment and market as a whole
CLVT - Book value capitalization of the company Clarivate Plc
The chart below shows the asset value of Clarivate, an information analytics company. Its foundation lies not in machines, but in vast databases, patents, scientific journals, and analytics platforms. The dynamics of its book value reflect the company's strategy of acquiring and integrating unique information assets.
CLVT - Share of the company's book capitalization Clarivate Plc within the market segment - Data
As an information technology company, Clarivate has no manufacturing facilities. Its physical assets are a global network of offices and, more importantly, powerful data centers where vast amounts of scientific and patent information are stored and processed. The chart reflects the scale of this physical IT infrastructure, which underpins its business.
Market segment balance sheet capitalization - Data
Clarivate is an information analytics company. Its main assets are not factories, but vast databases, patents, and brands. This is a classic "lightweight" model based on intellectual capital. The chart shows how intangible the entire data and analytics industry is compared to industrial sectors.
Book value of all companies included in the broad market index - GURU.Markets
Clarivate's assets are not tangible objects, but a collection of unique databases, scientific archives, and analytical tools such as the Web of Science. Its book value reflects the capital invested in aggregating and systematizing global scientific knowledge. The chart shows the weight of this information giant.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Clarivate Plc
Clarivate owns and manages databases of scientific and academic information (e.g., Web of Science). Its primary asset is its unique content and analytical tools, not physical servers. Its market capitalization reflects the value of this data for universities and corporations. The graph shows the premium for owning exclusive information.
Market to book capitalization ratio in a market segment - Data
Clarivate is an information analytics company that owns databases such as the Web of Science. Its primary assets are unique content and intellectual property, not offices. This chart demonstrates how much the market valuation based on these intangible assets exceeds its book value.
Market to book capitalization ratio for the market as a whole
Clarivate provides analytical information and data for scientific research and intellectual property protection. The chart shows how the market values โโthe owner of unique databases. The company's book value is low, but its market capitalization is high, based on the value of its exclusive information, which is subscribed to by universities and corporations.
Debts of the company, segment and market as a whole
CLVT - Company debts Clarivate Plc
Clarivate is an information and analytics company that owns databases and brands in the scientific and academic fields. Its growth is largely driven by strategic acquisitions. Debt is a key tool for financing these deals. This chart clearly illustrates the company's aggressive M&A strategy.
Market segment debts - Data
Clarivate is a global data analytics company that owns databases and brands such as Web of Science. Their core assets are intellectual property and data. This chart reflects the financial norms for companies in the business data sector, where debt instruments are often used to acquire other databases and analytics platforms.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Clarivate Plc
Clarivate is an information analytics company that owns databases such as the Web of Science and provides intellectual property services. The company has grown through numerous acquisitions. This chart reflects its significant debt burden resulting from these transactions, a key factor in its financial model.
Market segment debt to market segment book capitalization - Data
Clarivate provides analytical information and data for scientific research, patent analytics, and pharmaceuticals. The company grows through database acquisitions. This chart compares the debt used for M&A to the total market capitalization of the entire data sector. It helps assess the aggressiveness of its intellectual property consolidation strategy.
Debt to book value of all companies in the market
Clarivate is growing through database acquisitions, which require significant capital. This chart compares the company's debt used for M&A to the total book value of the entire economy. It shows how aggressive the company's consolidation strategy is and what financial footprint it leaves on the market as a whole.
P/E of the company, segment and market as a whole
P/E - Clarivate Plc
This metric for Clarivate Plc, a provider of analytical information and data for science and business, reflects the value of its intellectual property. For a company with a subscription model and unique databases, this chart shows how investors assess its ability to retain customers and monetize its data assets.
P/E of the market segment - Data
This chart shows the average valuation for the information services and data analytics sector in which Clarivate operates. This metric reflects how investors generally value business models based on subscriptions and ownership of unique data. It serves as a benchmark for comparing Clarivate's valuation to other major data providers.
P/E of the market as a whole
Clarivate is an information and analytics company that owns databases of scientific publications, patents, and brands. The company helps universities and corporations manage innovation. This chart, reflecting overall sentiment, allows you to assess how the market views companies whose core assets are unique data and analytics.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Clarivate Plc
Clarivate provides analytical information and data for scientific research, patent analytics, and the pharmaceutical industry. Its business is subscription-based. This chart shows market expectations for the stability and growth of its revenue, which depend on R&D spending by corporations and academic institutions.
Future (projected) P/E of the market segment - Data
Clarivate is a global information and analytics company that provides paid access to databases and insights in science, intellectual property, and pharmaceuticals. Its products help researchers and businesses make important decisions. This chart shows average expectations for the information services sector, helping to place Clarivate in the context of the knowledge economy.
Future (projected) P/E of the market as a whole
Clarivate Plc is an information and analytics company that owns databases of scientific publications, patents, and brands (such as Web of Science). Its clients are universities and corporations that pay a subscription. This business has stable, regular revenues, making it resilient to market fluctuations.
Profit of the company, segment and market as a whole
Company profit Clarivate Plc
Clarivate provides analytical information and data for scientific research, intellectual property protection, and the pharmaceutical industry. The company's revenue depends on subscriptions to its databases and analytical tools. This chart demonstrates how demand for high-quality information from corporations and universities generates stable and predictable revenue.
Profit of companies in the market segment - Data
Clarivate Plc is a global information and analytics company providing data and analytics for scientific research, patenting, and pharmaceuticals. This chart shows the overall profitability of the data sector. Its subscription-based business ensures stable revenue. Demand for its services is growing along with the growth of data volumes and the importance of intellectual property in the economy.
Overall market profit
Clarivate Plc provides analytical information and data for scientific research, patenting, and pharmaceuticals. Demand for its services is driven by the constant need for innovation. R&D budgets may fluctuate slightly, but they are generally less cyclical than the overall economy. This chart shows a macro trend, against which Clarivate's business has demonstrated relative stability.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Clarivate Plc
Clarivate is a global information and analytics company providing data and analytics for scientific research, pharmaceuticals, and intellectual property protection. The revenue forecasts shown in this chart depend on demand for its subscription products. It reflects analyst expectations for R&D and innovation spending worldwide.
Future (predicted) profit of companies in the market segment - Data
Clarivate Plc provides analytical information and data for scientific research, patent analytics, and intellectual property management. This chart shows profitability forecasts for the data sector. It reflects R&D investment expectations from corporations and academic institutions, Clarivate's primary clients.
Future (predicted) profit of the market as a whole
Clarivate Plc provides analytical information and data for scientific research, patenting, and pharmaceuticals. Demand for their services depends on R&D budgets at corporations and universities. Corporate profit forecasts, reflected here, are an indicator of future investment in innovation. Rising expectations mean companies will invest more in research, leveraging Clarivate data.
P/S of the company, segment and market as a whole
P/S - Clarivate Plc
Clarivate Plc is an information analytics company that owns databases and brands such as Web of Science. The majority of its revenue comes from subscriptions. Clarivate's P/S ratio reflects the premium the market pays for its unique content, which is indispensable for the scientific and business communities, and for the stability of its subscription model.
P/S market segment - Data
Clarivate Plc provides services and analytics in scientific research, intellectual property, and pharmaceuticals. Their subscription model ensures predictable revenue from corporate and academic clients. This chart shows how investors value their unique datasets and integrated solutions compared to other data providers.
P/S of the market as a whole
Clarivate owns and manages a collection of scientific databases, patents, and standards, providing access to them via subscription. The company's revenue is stable and generated by intellectual property. This chart shows the average revenue estimate, allowing one to estimate the premium the market is willing to pay for unique content and a subscription business model.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Clarivate Plc
Clarivate provides information services and analytics for scientific research, patenting, and pharmaceuticals. Its business is based on subscriptions to its databases and platforms. This chart illustrates investor expectations for future revenue, which depend on the company's ability to retain customers and sell them new analytical products.
Future (projected) P/S of the market segment - Data
Clarivate Plc is a global information and analytics company that provides paid access to databases, scientific publications, and patent information. This chart shows how the market values โโits future subscription revenue compared to other data providers. It reflects how valuable investors perceive its data assets to be for science and business.
Future (projected) P/S of the market as a whole
Clarivate is an information and analytics company that manages databases of scientific publications, patents, and trademarks. Its services are essential for innovation worldwide. This chart reflects general expectations for future sales, and Clarivate demonstrates how the knowledge economy and intellectual property are becoming key drivers of revenue growth.
Sales of the company, segment and market as a whole
Company sales Clarivate Plc
Clarivate Plc is a global information and analytics company. This chart shows its revenue, which is generated by selling subscriptions to databases, analytical tools, and services in the fields of science, intellectual property, and pharmaceuticals. Sales growth is driven by the constant demand for reliable information and analytics for decision making.
Sales of companies in the market segment - Data
Clarivate is an information and analytics company that owns resources like Web of Science. This chart breaks down its revenue into two main segments: science and intellectual property. This allows investors to see which of these markets is the company's key and how its revenue sources are balanced.
Overall market sales
Clarivate Plc provides analytical information and data for scientific research, patenting, and the pharmaceutical industry. Its clients include universities, governments, and corporations whose R&D budgets are often planned over the long term. This makes Clarivate's business relatively resilient to short-term economic fluctuations, as shown in this chart.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Clarivate Plc
Clarivate is an information and analytics company that owns databases of scientific publications (Web of Science) and patents. Its revenue forecast depends on subscriptions from universities, research centers, and corporations. This chart shows how analysts estimate the demand for intellectual property and scientific data.
Future (projected) sales of companies in the market segment - Data
Clarivate is a global company providing analytical data and information for scientific research and intellectual property protection. This chart shows projected revenues for the entire data sector. It helps understand the demand for high-quality analytics from universities and corporations, which is the foundation of Clarivate's subscription business model.
Future (projected) sales of the market as a whole
Clarivate is an information and analytics company providing data and services for scientific research, patenting, and the pharmaceutical industry. Demand for its products depends on R&D budgets at corporations and universities. This business activity forecast chart reflects companies' willingness to invest in innovation. Rising forecasts indicate increased research spending, which benefits Clarivate.
Marginality of the company, segment and market as a whole
Company marginality Clarivate Plc
Clarivate is an information and analytics company providing data and services to the scientific and academic communities. This chart shows how the company monetizes its unique databases and analytical tools. Profitability is based on a subscription model, which generates stable revenue for universities, R&D departments, and law firms.
Market segment marginality - Data
Clarivate is an information analytics company that owns databases and brands such as Web of Science. This metric reflects the value of its data and software products. Its high subscription-based profitability demonstrates the indispensability of its information for scientific and corporate clients worldwide.
Market marginality as a whole
Clarivate Plc provides analytical information, data, and services for scientific research, intellectual property protection, and the pharmaceutical industry. Its clients include universities, corporate R&D departments, and law firms. This total return chart helps assess how actively companies and governments are investing in science and innovation.
Employees in the company, segment and market as a whole
Number of employees in the company Clarivate Plc
Clarivate is an information analytics company that owns databases such as Web of Science. Its staff consists of analysts, data scientists, and IT developers. The growth in this chart may reflect the acquisition of other information providers and investments in developing analytical tools for science and business.
Share of the company's employees Clarivate Plc within the market segment - Data
Clarivate Plc is a global leader in providing analytical information and data for scientific research, patent analytics, and pharmaceuticals. This chart shows its intellectual property value. It reflects the significant share of data analysts, bibliometricians, and intellectual property experts serving global science and innovation that Clarivate brings together.
Number of employees in the market segment - Data
Clarivate Plc is a global provider of analytical information and data for scientific research, patenting, and pharmaceuticals. This chart shows employment in the data processing sector. The growth in the number of analysts and data scientists reflects the growing value of information for strategic decision-making in science and business, which is the foundation of Clarivate's subscription model.
Number of employees in the market as a whole
Clarivate is a global company providing analytics and data for scientific research and innovation. The growth of its analyst and data science staff reflects the growing role of the "knowledge economy." It's an example of how data is becoming a key resource, and how its processing and analysis are becoming a vital area of โโemployment.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Clarivate Plc (CLVT)
Clarivate is an information analytics company that owns databases like the Web of Science and provides intellectual property services. Their primary asset is unique content and data. This graph demonstrates that they are a knowledge-based business, where value is created and maintained by a team of analysts and experts, not by mass labor.
Market capitalization per employee (in thousands of dollars) in the market segment - Data
Clarivate is an information provider that owns scientific databases (Web of Science) and intellectual property. Their core assets are exclusive data and analytics based on it. This chart shows the industry average. It helps assess the market value generated by each employee managing these unique information assets.
Market capitalization per employee (in thousands of dollars) for the overall market
Clarivate is an information and analytics company that owns databases of scientific publications, patents, and brands. The company's value lies in its unique content and data. This chart reflects how the market evaluates the team's ability to collect, analyze, and sell this valuable information to clients worldwide.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Clarivate Plc (CLVT)
Clarivate is an information and analytics company that owns scientific databases (Web of Science) and patents, as well as IP services. Its business is monetizing unique data. This chart shows how successfully the company converts its data assets and analytical tools into high-margin subscription revenue per employee.
Profit per employee (in thousands of dollars) in the market segment - Data
Clarivate is an "information" company. They own "sticky" databases (Web of Science, patents) and sell subscriptions. This chart shows the benchmark for the "Data" sector. In this business, the average profit per employee is prohibitively high. The core asset (data) is collected once and then sold millions of times via subscription.
Profit per employee (in thousands of dollars) for the market as a whole
Clarivate is an information analytics company. They own databases of scientific publications (Web of Science) and patents. They are a "data business" and a subscription service. This chart, which shows the average market profitability per employee, helps us understand how effective the intelligent data sector, which Clarivate represents, is.
Sales to employees of the company, segment and market as a whole
Sales per company employee Clarivate Plc (CLVT)
Clarivate is an information analytics company that owns databases and scientific resources. This chart shows the value of its intellectual property. Its high revenue per employee is achieved through subscriptions to unique content and analytical tools, supported by a technology platform and a relatively small staff.
Sales per employee in the market segment - Data
Clarivate is a global provider of data and analytics, primarily for scientific research and intellectual property management. It's an information technology business. This chart shows the average revenue per employee in the segment. It helps evaluate how productive Clarivate's staff (analysts, R&D) are in creating and selling its subscription products compared to competitors.
Sales per employee for the market as a whole
Clarivate (CLVT) is an information analytics company that owns databases (such as the Web of Science) and patents. Their business is selling data and subscriptions. This metric reflects how successfully the company monetizes its unique information assets. High revenue per employee is a sign of strong pricing power and the scalability of the subscription model.
Short shares by company, segment and market as a whole
Shares shorted by company Clarivate Plc (CLVT)
Clarivate Plc is an information provider that owns databases on science, patents, and intellectual property (e.g., Web of Science). This chart highlights concerns about their business model. Bears may be concerned about the company's high debt following a series of acquisitions or that their academic clients (universities) are cutting budgets.
Shares shorted by market segment - Data
Clarivate is an information and analytics company that owns scientific and patent databases (such as Web of Science). Its business is subscription-based. This chart highlights pessimism in the data sector. The increase in short positions could indicate investors are concerned about the company's high debt or that universities and corporations will cut their analytics budgets.
Shares shorted by the overall market
Clarivate Plc is a data-driven company. It provides sophisticated analytics and manages intellectual property for science and business. This chart measures the overall level of "fear" or pessimism among investors across the market. It's interesting to observe how demand for Clarivate's services changes during periods of such market turmoil, as it's precisely in times of chaos that the value of trusted information and analytics increases.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Clarivate Plc (CLVT)
Clarivate provides information services and analytics for science and business (Web of Science, patents). The business is subscription-based but has debt. A chart above 70 may reflect strong revenue growth. A range below 30 often indicates concerns about debt, slowing growth, or M&A integration.
RSI 14 Market Segment - Data
Clarivate Plc is an information and analytics company that owns critical databases such as Web of Science (scientific citations) and Derwent (patents). Its business is based on subscriptions from universities and R&D departments. This chart shows the overall sentiment in the information data and analytics sector. It helps understand whether CLVT is moving in line with the general trend or is driven by asset integration.
RSI 14 for the overall market
Clarivate (CLVT) owns databases for science and R&D (Web of Science) and patents. This chart reflects research budgets. During periods of euphoria, corporations and universities spend on R&D by purchasing CLVT data. During periods of panic and recession, R&D budgets (especially at corporations) can be cut.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast CLVT (Clarivate Plc)
Clarivate (CLVT) is an information technology giant that owns databases such as Web of Science and analytical tools. The company monetizes data for science, R&D, and intellectual property protection. This chart shows the average analyst price target, reflecting their view on Clarivate's ability to successfully integrate acquired assets and grow subscription revenue.
The difference between the consensus estimate and the actual stock price CLVT (Clarivate Plc)
Clarivate is an information giant that owns scientific databases (Web of Science) and intellectual property. The company makes money through subscriptions. This chart measures the gap between the current price and the consensus target price. It shows how confident experts are in the sustainability of their subscription model and their ability to sell analytics.
Analyst consensus forecast for stock prices by market segment - Data
Clarivate is the brains behind R&D, owning the Web of Science databases and Derwent patents. Its subscription business depends on science and innovation budgets. This chart shows what analysts expect not from Clarivate, but from the entire information services sector. It reflects whether experts believe data spending will increase or decline.
Analysts' consensus forecast for the overall market share price
Clarivate is the brains behind R&D. They're a giant provider of data and analytics for science, patents, and pharmaceuticals (Web of Science). This graph, reflecting economic experts' expectations, is their forecast. When the market is pessimistic, corporations cut R&D budgets. This slows scientific activity and, consequently, demand for Clarivate subscriptions.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Clarivate Plc
Clarivate is the brains behind R&D. They own critical databases (Web of Science, patents) that universities and big pharma rely on for subscriptions. This chart is a summary indicator of their information monopoly. It likely aggregates their subscriber growth rate (ARR), customer retention, and their pricing power in the world of scientific data.
AKIMA Market Segment Index - Data
Clarivate is the brains behind R&D; the company owns indispensable databases (Web of Science) and analytics for science and intellectual property. This composite metric evaluates companies across a range of metrics. The graph shows the average score for each data segment. This benchmark helps us understand how Clarivate's subscription (SaaS) and sticky model differentiates it from the average competitor.
The AKIM Index for the overall market
Clarivate is the brains behind innovation. The company owns vast databases of scientific research (Web of Science) and patents, selling analytics on a subscription basis to universities and R&D departments. This chart, reflecting the market average, is the backdrop. It helps assess how this defensive (non-cyclical) subscription-based IT business stacks up against the backdrop of general macroeconomic fluctuations.