Investors know AI drives value, but they lack the metrics to prove it. TIV bridges the gap, translating financial statements into competitive intelligence.

⬡ Growth Engine
Revenue
⬡ Margin Engine
Operating Profit
Metric 01
Revenue to Tech Spend
Measures how much revenue is generated relative to total tech investment. Higher = greater top-line productivity.
Metric 02
Tech Capex Intensity
The proportion of total tech spend allocated to capital investment. Higher = company likely in active build-out mode.
Metric 03
Tech Efficiency %
Assesses how much of a company's earnings are consumed by its tech costs. Lower = more efficient tech estate.
Metric 04
SaaS Dependency
The operational component of total tech spend — reflects the ongoing cost of running and maintaining a company's technology.
Company Rev to Tech Spend
2025		 vs LY vs 2021 Tech Efficiency %
2025		 vs LY vs 2021 SaaS Dependency
2025		 vs LY vs 2021 Capex Intensity
2025		 vs LY vs 2021 Maturity
Next
Consumer Retail
£m 		16.9x ▼ -1.4% ▼ -17.2% 34.2% ▼ -1.2pp ▼ -41.1% 77.5% ▲ +0.3pp ▲ +5.6pp 22.5% ▼ -0.3pp ▼ -19.3pp Medium
M&S
Consumer Retail
£m 		36.9x ▼ -3.9% ▲ +3.1% 60.8% ▲ +27.9pp ▲ +n/m 55.6% ▼ -7.7pp ▼ -7.0pp 40.6% ▲ +3.7pp ▼ -3.9pp Medium
Starbucks
Consumer F&B
$m 		37.6x ▲ +1.9% ▼ -9.4% 17.6% ▲ +1.3pp ▲ +22.2% 73.6% ▼ 0.0pp ▲ +0.5pp 26.4% ▼ -0.1pp ▼ -0.5pp Medium
Unilever
FMCG
€m 		31.2x ▼ -1.0% ▼ -9.0% 18.8% ▼ -8.3pp ▲ +7.4% 76.2% ▼ -0.5pp ▼ -3.4pp 23.8% ▲ +0.5pp ▲ +3.4pp Medium
P&G
FMCG
$m 		38.8x ▼ -2.8% ▼ -9.8% 10.6% ▼ -0.8pp ▲ +8.2% 57.6% ▲ +0.1pp ▼ -1.7pp 42.4% ▼ -0.1pp ▲ +1.7pp High
Burberry
Luxury Fashion
£m 		18.6x ▼ -17.7% ▼ -29.8% 91.2% ▲ +190.5pp ▲ +308.5% 56.1% ▲ +3.6pp ▲ +4.0pp 43.9% ▼ -3.6pp ▼ -4.0pp Low
Prada
Luxury Fashion
€m 		36.2x ▼ -9.9% ▼ -11.9% 12.1% ▲ +1.9pp ▼ -27.5% 58.6% ▼ -2.4pp ▼ -4.0pp 41.4% ▲ +2.4pp ▲ +4.0pp High
Data Notes: All figures in reported currency (£m, $m, €m) for FY2025 or nearest equivalent reporting period. Revenue and operating profit figures are sourced from publicly available company annual reports and filings. Tech Opex, Tech Capex, Total Tech Spend and SaaS Dependency figures are based on proprietary assumptions and analytical estimates derived from public disclosures. These figures are not typically disclosed as standalone line items in company reports and should be treated as approximations for analytical purposes only. M&S 2020/21 Tech Efficiency % marked n/m due to operating loss. Change columns show % movement from 2021 baseline; percentage point (pp) used where metric is already expressed as a %. Maturity tiers: High = strong returns, mature tech estate; Medium = active build phase, improving metrics; Low = metrics deteriorating relative to investment.

Disclaimer: The content on this dashboard is produced by Tech Infrastructure Valuation (TIV) for informational purposes only. Nothing contained herein constitutes financial, investment, legal or tax advice, nor should it be construed as a recommendation or solicitation to buy or sell any security or financial instrument. Any projections, estimates, forecasts or opinions expressed are subject to change without notice and may differ from the views of others. Charts and data are provided for informational purposes only and should not be relied upon when making any investment decision. Certain information, including Tech Opex, Tech Capex and Total Tech Spend figures, is based on proprietary assumptions and estimates derived from publicly available sources. While taken from sources believed to be reliable, TIV has not independently verified all such information and makes no representations about its accuracy or appropriateness for any given situation. TIV accepts no liability for any loss or damage arising from reliance on the information contained in this dashboard. Readers should conduct their own independent research and consult professional advisers before making any investment decisions.

© 2026 Tech Infrastructure Valuation (TIV). All rights reserved. TIV Framework is proprietary analysis.