EBITDA Multiples by Industry & Company Size: 2023 Report
Updated March 17, 2023
Our team recently conducted a meta-analysis of EBITDA multiples for small-to-midsized private businesses of <$250M in revenue, parsing the data by industry and company size. We drew from research published over the past 2 years (Q2 2021-Q1 2023) in M&A and private equity publications. The tables below reflect an accurate picture of private company valuations in today’s M&A environment.
Apart from industry and EBITDA range, real-world valuations depend principally on 8 factors:
- Recurring revenue
- Revenue growth over last 12 months
- Key employee turnover
- Profit margin
- Competitive advantages
- Customer concentration
- Strength of management team
- Growth opportunities
The following tables represent EBITDA multiple averages; achieving these multiples depends on the investor’s weighting of the above factors, as well as the business’ strategic fit with the acquirer or portfolio.
NOTE: If you’re exploring selling your business, see our report on the Top M&A Advisory Firms in the US. |
To make the data more meaningful, we’ve broken it down by two further dimensions: revenue growth in the last 12 months and key employee turnover. In addition to EBITDA range and recurring revenue, these tend to be the strongest considerations for acquirers when they’re evaluating a company. Definitions of “high” and “low” in the two categories vary based on acquirer and company size, but a healthy median for last 12 months revenue growth is ~25% and key employee turnover rate is ~5%.
EBITDA Multiples By Industry for $0-1M EBITDA Companies
Industry | Key Employee Turnover | Last 12 Months Revenue Growth | Notes | |
Low | High | |||
Addiction Treatment | High | 1.2x | 2.6x |
|
Low | 1.6x | 4.1x | ||
Aerospace & Defense | High | 3.8x | 6.6x |
|
Low | 4.1x | 8x | ||
Automotive | High | Non-recurring Revenue: 1.8x Recurring Revenue: 2.3x |
Non-recurring Revenue: 3.5x Recurring Revenue: 4.1x |
|
Low | Non-recurring Revenue: 2.7x Recurring Revenue: 2.8x |
Non-recurring Revenue: 4.5x Recurring Revenue: 5x |
||
Aviation | High | Non-recurring Revenue: 2.4x Recurring Revenue: 2.7x |
Non-recurring Revenue: 3.2x Recurring Revenue: 4.2x |
|
Low | Non-recurring Revenue: 2.6x Recurring Revenue: 2.8x |
Non-recurring Revenue: 4.1x Recurring Revenue: 4.5x |
||
B2B SaaS | High | Non-recurring Revenue: 2.6x Recurring Revenue: 2.8x |
Non-recurring Revenue: 4.4x Recurring Revenue: 6.3x |
|
Low | Non-recurring Revenue: 2.7x Recurring Revenue: 3.1x |
Non-recurring Revenue: 4.9x Recurring Revenue: 8.2x |
||
Biotech | High | Non-recurring Revenue: 3.6x Recurring Revenue: 4.4x |
Non-recurring Revenue: 5.8x Recurring Revenue: 6.7x |
|
Low | Non-recurring Revenue: 4x Recurring Revenue: 4.8x |
Non-recurring Revenue: 6.4x Recurring Revenue: 7.9x |
||
Commercial Insurance | High | Non-recurring Revenue: 3x Recurring Revenue: 3.3x |
Non-recurring Revenue: 3.9x Recurring Revenue: 4.8x |
|
Low | Non-recurring Revenue: 3.4x Recurring Revenue: 3.8x |
Non-recurring Revenue: 4.4x Recurring Revenue: 5.7x |
||
Construction | High | Non-recurring Revenue: 1.5x Recurring Revenue: 2.1x |
Non-recurring Revenue: 3.2x Recurring Revenue: 3.5x |
|
Low | Non-recurring Revenue: 2x Recurring Revenue: 2.7x |
Non-recurring Revenue: 3x Recurring Revenue: 4.3x |
||
Cybersecurity | High | Non-recurring Revenue: 2.8x Recurring Revenue: 3.3x |
Non-recurring Revenue: 4.9x Recurring Revenue: 6.4x |
|
Low | Non-recurring Revenue: 3.1x Recurring Revenue: 3.8x |
Non-recurring Revenue: 5.1x Recurring Revenue: 7.4x |
||
eCommerce | High | Non-recurring Revenue: 3.1x Recurring Revenue: 4.2x |
Non-recurring Revenue: 4.8x Recurring Revenue: 6.2x |
|
Low | Non-recurring Revenue: 4.2x Recurring Revenue: 5.5x |
Non-recurring Revenue: 5.6x Recurring Revenue: 7.1x |
||
Engineering | High | 4.6x | 7.6x |
|
Low | 5.3x | 10.7x | ||
Entertainment | High | Non-recurring Revenue: 2x Recurring Revenue: 2.8x |
Non-recurring Revenue: 4.4x Recurring Revenue: 5.5x |
|
Low | Non-recurring Revenue: 2.2x Recurring Revenue: 3.3x |
Non-recurring Revenue: 4.4x Recurring Revenue: 5.9x |
||
Environmental & Clean Energy | High | Non-recurring Revenue: 2.3x Recurring Revenue: 2.6x |
Non-recurring Revenue: 4.1x Recurring Revenue: 4.9x |
|
Low | Non-recurring Revenue: 2.8x Recurring Revenue: 3.2x |
Non-recurring Revenue: 5.5x Recurring Revenue: 6.7x |
||
Financial Services | High | Non-recurring Revenue: 1.8x Recurring Revenue: 2.1x |
Non-recurring Revenue: 3x Recurring Revenue: 3.6x |
|
Low | Non-recurring Revenue: 2x Recurring Revenue: 2.3x |
Non-recurring Revenue: 3.1x Recurring Revenue: 3.8x |
||
Fintech | High | Non-recurring Revenue: 3.4x Recurring Revenue: 3.5x |
Non-recurring Revenue: 5.7x Recurring Revenue: 8.2x |
|
Low | Non-recurring Revenue: 3.7x Recurring Revenue: 4.4x |
Non-recurring Revenue: 6.4x Recurring Revenue: 9.5x |
||
Healthcare | High | Non-recurring Revenue: 2.8x Recurring Revenue: 3x |
Non-recurring Revenue: 3.8x Recurring Revenue: 4.3x |
|
Low | Non-recurring Revenue: 3x Recurring Revenue: 3.2x |
Non-recurring Revenue: 4.1x Recurring Revenue: 4.7x |
||
Higher Education | High | N/A | N/A |
|
Low | 3.1x | 5x | ||
Hotels & Resorts | High | 4.4x | 5.9x |
|
Low | 5.3x | 7.4x | ||
HVAC | High | Non-recurring Revenue: 1.2x Recurring Revenue: 2x |
Non-recurring Revenue: 2.9x Recurring Revenue: 3.2x |
|
Low | Non-recurring Revenue: 2.4x Recurring Revenue: 2.5x |
Non-recurring Revenue: 3.5x Recurring Revenue: 3.9x |
||
Industrial IOT | High | Non-recurring Revenue: 4.4x Recurring Revenue: 4.9x |
Non-recurring Revenue: 7x Recurring Revenue: 8.2x |
|
Low | Non-recurring Revenue: 5.3x Recurring Revenue: 5.7x |
Non-recurring Revenue: 8.7x Recurring Revenue: 10x |
||
IT & Managed Services | High | Non-recurring Revenue: 2.6x Recurring Revenue: 3x |
Non-recurring Revenue: 4.9x Recurring Revenue: 5.9x |
|
Low | Non-recurring Revenue: 3.8x Recurring Revenue: 4.2x |
Non-recurring Revenue: 5.7x Recurring Revenue: 7.1x |
||
Law Firms & Legal Services | High | Non-recurring Revenue: 1.9x Recurring Revenue: 2.4x |
Non-recurring Revenue: 2.6x Recurring Revenue: 3.7x |
|
Low | Non-recurring Revenue: 2.3x Recurring Revenue: 2.8x |
Non-recurring Revenue: 3x Recurring Revenue: 4.3x |
||
Manufacturing | High | Non-recurring Revenue: 2.7x Recurring Revenue: 3x |
Non-recurring Revenue: 3.8x Recurring Revenue: 4.1x |
|
Low | Non-recurring Revenue: 3.4x Recurring Revenue: 3.7x |
Non-recurring Revenue: 4.5x Recurring Revenue: 5.4x |
||
Oil & Gas | High | Non-recurring Revenue: 3x Recurring Revenue: 3.4x |
Non-recurring Revenue: 3.8x Recurring Revenue: 4.3x |
|
Low | Non-recurring Revenue: 3.1x Recurring Revenue: 3.7x |
Non-recurring Revenue: 4.2x Recurring Revenue: 4.7x |
||
Pharmaceutical | High | 4.2x | 6.7x |
|
Low | 5.3x | 7.7x | ||
Real Estate | High | Non-recurring Revenue: 1.9x Recurring Revenue: 2.1x |
Non-recurring Revenue: 3.2x Recurring Revenue: 3.9x |
|
Low | Non-recurring Revenue: 2.3x Recurring Revenue: 2.6x |
Non-recurring Revenue: 3.4x Recurring Revenue: 4.1x |
||
Software Development | High | Non-recurring Revenue: 1.9x Recurring Revenue: 2.7x |
Non-recurring Revenue: 3x Recurring Revenue: 3.7x |
|
Low | Non-recurring Revenue: 2.4x Recurring Revenue: 3.1x |
Non-recurring Revenue: 3.6x Recurring Revenue: 4x |
||
Staffing & Recruiting | High | Non-recurring Revenue: 2.7x Recurring Revenue: 3.2x |
Non-recurring Revenue: 4.4x Recurring Revenue: 4.9x |
|
Low | Non-recurring Revenue: 3x Recurring Revenue: 3.5x |
Non-recurring Revenue: 5x Recurring Revenue: 5.5x |
||
Transportation & Logistics | High | 3x | 4.6x |
|
Low | 3.3x | 5.3x |
EBITDA Multiples By Industry for $1-3M EBITDA Companies
Industry | Key Employee Turnover | Last 12 Months Revenue Growth | Notes | |
Low | High | |||
Addiction Treatment | High | 2x | 4.5x |
|
Low | 2.7x | 7x | ||
Aerospace & Defense | High | 6.6x | 11.4x |
|
Low | 7.1x | 13.8x | ||
Automotive | High | Non-recurring Revenue: 3.1x Recurring Revenue: 3.9x |
Non-recurring Revenue: 6x Recurring Revenue: 7.1x |
|
Low | Non-recurring Revenue: 4.6x Recurring Revenue: 4.8x |
Non-recurring Revenue: 7.7x Recurring Revenue: 8.6x |
||
Aviation | High | Non-recurring Revenue: 4.1x Recurring Revenue: 4.6x |
Non-recurring Revenue: 5.5x Recurring Revenue: 7.3x |
|
Low | Non-recurring Revenue: 4.5x Recurring Revenue: 4.9x |
Non-recurring Revenue: 7.1x Recurring Revenue: 7.8x |
||
B2B SaaS | High | Non-recurring Revenue: 4.5x Recurring Revenue: 4.8x |
Non-recurring Revenue: 7.5x Recurring Revenue: 10.9x |
|
Low | Non-recurring Revenue: 4.7x Recurring Revenue: 5.3x |
Non-recurring Revenue: 8.5x Recurring Revenue: 14.1x |
||
Biotech | High | Non-recurring Revenue: 6.2x Recurring Revenue: 7.6x |
Non-recurring Revenue: 10.4x Recurring Revenue: 11.6x |
|
Low | Non-recurring Revenue: 6.9x Recurring Revenue: 8.3x |
Non-recurring Revenue: 11.1x Recurring Revenue: 13.7x |
||
Commercial Insurance | High | Non-recurring Revenue: 5.1x Recurring Revenue: 5.7x |
Non-recurring Revenue: 6.8x Recurring Revenue: 8.2x |
|
Low | Non-recurring Revenue: 5.9x Recurring Revenue: 6.5x |
Non-recurring Revenue: 7.5x Recurring Revenue: 9.9x |
||
Construction | High | Non-recurring Revenue: 2.5x Recurring Revenue: 3.6x |
Non-recurring Revenue: 5.5x Recurring Revenue: 6x |
|
Low | Non-recurring Revenue: 3.4x Recurring Revenue: 4.7x |
Non-recurring Revenue: 5.1x Recurring Revenue: 7.4x |
||
Cybersecurity | High | Non-recurring Revenue: 4.9x Recurring Revenue: 5.7x |
Non-recurring Revenue: 8.4x Recurring Revenue: 11.1x |
|
Low | Non-recurring Revenue: 5.3x Recurring Revenue: 6.5x |
Non-recurring Revenue: 8.8x Recurring Revenue: 12.8x |
||
eCommerce | High | Non-recurring Revenue: 5.4x Recurring Revenue: 7.3x |
Non-recurring Revenue: 8.3x Recurring Revenue: 10.7x |
|
Low | Non-recurring Revenue: 7.2x Recurring Revenue: 9.4x |
Non-recurring Revenue: 9.6x Recurring Revenue: 12.3x |
||
Engineering | High | 3.1x | 5.2x |
|
Low | 3.6x | 7.3x | ||
Entertainment | High | Non-recurring Revenue: 3.5x Recurring Revenue: 4.8x |
Non-recurring Revenue: 7.6x Recurring Revenue: 9.5x |
|
Low | Non-recurring Revenue: 3.8x Recurring Revenue: 5.7x |
Non-recurring Revenue: 7.6x Recurring Revenue: 10.1x |
||
Environmental & Clean Energy | High | Non-recurring Revenue: 3.9x Recurring Revenue: 4.5x |
Non-recurring Revenue: 7.1x Recurring Revenue: 8.4x |
|
Low | Non-recurring Revenue: 4.9x Recurring Revenue: 5.6x |
Non-recurring Revenue: 9.4x Recurring Revenue: 11.6x |
||
Financial Services | High | Non-recurring Revenue: 3.1x Recurring Revenue: 3.7x |
Non-recurring Revenue: 5.1x Recurring Revenue: 6.2x |
|
Low | Non-recurring Revenue: 3.5x Recurring Revenue: 3.9x |
Non-recurring Revenue: 5.3x Recurring Revenue: 6.6x |
||
Fintech | High | Non-recurring Revenue: 5.8x Recurring Revenue: 6.1x |
Non-recurring Revenue: 9.9x Recurring Revenue: 14.1x |
|
Low | Non-recurring Revenue: 6.4x Recurring Revenue: 7.5x |
Non-recurring Revenue: 11.6x Recurring Revenue: 16.4x |
||
Healthcare | High | Non-recurring Revenue: 4.8x Recurring Revenue: 5.2x |
Non-recurring Revenue: 6.6x Recurring Revenue: 7.4x |
|
Low | Non-recurring Revenue: 5.1x Recurring Revenue: 5.6x |
Non-recurring Revenue: 7.1x Recurring Revenue: 8.1x |
||
Higher Education | High | N/A | N/A |
|
Low | 5.3x | 8.7x | ||
Hotels & Resorts | High | 7.5x | 10.2x |
|
Low | 9.1x | 12.8x | ||
HVAC | High | Non-recurring Revenue: 2.1x Recurring Revenue: 3.4x |
Non-recurring Revenue: 5x Recurring Revenue: 5.5x |
|
Low | Non-recurring Revenue: 4.1x Recurring Revenue: 4.3x |
Non-recurring Revenue: 6.1x Recurring Revenue: 6.8x |
||
Industrial IOT | High | Non-recurring Revenue: 7.6x Recurring Revenue: 8.4x |
Non-recurring Revenue: 12.5x Recurring Revenue: 14.1x |
|
Low | Non-recurring Revenue: 9.1x Recurring Revenue: 9.9x |
Non-recurring Revenue: 15.4x Recurring Revenue: 17.2x |
||
IT & Managed Services | High | Non-recurring Revenue: 4.5x Recurring Revenue: 5.1x |
Non-recurring Revenue: 8.4x Recurring Revenue: 10.1x |
|
Low | Non-recurring Revenue: 6.6x Recurring Revenue: 7.2x |
Non-recurring Revenue: 9.8x Recurring Revenue: 12.2x |
||
Law Firms & Legal Services | High | Non-recurring Revenue: 3.3x Recurring Revenue: 4.1x |
Non-recurring Revenue: 4.4x Recurring Revenue: 6.3x |
|
Low | Non-recurring Revenue: 3.9x Recurring Revenue: 4.9x |
Non-recurring Revenue: 5.1x Recurring Revenue: 7.4x |
||
Manufacturing | High | Non-recurring Revenue: 4.7x Recurring Revenue: 5.1x |
Non-recurring Revenue: 6.6x Recurring Revenue: 7.1x |
|
Low | Non-recurring Revenue: 5.8x Recurring Revenue: 6.4x |
Non-recurring Revenue: 7.8x Recurring Revenue: 9.3x |
||
Oil & Gas | High | Non-recurring Revenue: 5.2x Recurring Revenue: 5.8x |
Non-recurring Revenue: 6.5x Recurring Revenue: 7.4x |
|
Low | Non-recurring Revenue: 5.4x Recurring Revenue: 6.3x |
Non-recurring Revenue: 7.2x Recurring Revenue: 8.1x |
||
Pharmaceutical | High | 7.2x | 11.6x |
|
Low | 9.1x | 13.2x | ||
Real Estate | High | Non-recurring Revenue: 3.3x Recurring Revenue: 3.7x |
Non-recurring Revenue: 5.5x Recurring Revenue: 6.7x |
|
Low | Non-recurring Revenue: 3.9x Recurring Revenue: 4.5x |
Non-recurring Revenue: 5.8x Recurring Revenue: 7.1x |
||
Software Development | High | Non-recurring Revenue: 3.3x Recurring Revenue: 4.6x |
Non-recurring Revenue: 5.1x Recurring Revenue: 6.3x |
|
Low | Non-recurring Revenue: 4.1x Recurring Revenue: 5.4x |
Non-recurring Revenue: 6.2x Recurring Revenue: 6.9x |
||
Staffing & Recruiting | High | Non-recurring Revenue: 4.7x Recurring Revenue: 5.5x |
Non-recurring Revenue: 7.5x Recurring Revenue: 8.4x |
|
Low | Non-recurring Revenue: 5.2x Recurring Revenue: 6.1x |
Non-recurring Revenue: 8.7x Recurring Revenue: 9.4x |
||
Transportation & Logistics | High | 5.1x | 8x |
|
Low | 5.7x | 9.2x |
EBITDA Multiples By Industry for $3-10M EBITDA Companies
Industry | Key Employee Turnover | Last 12 Months Revenue Growth | Notes | |
Low | High | |||
Addiction Treatment | High | 2.4x | 5.4x |
|
Low | 3.3x | 8.5x | ||
Aerospace & Defense | High | 8x | 13.8x |
|
Low | 8.6x | 16.7x | ||
Automotive | High | Non-recurring Revenue: 3.8x Recurring Revenue: 4.7x |
Non-recurring Revenue: 7.3x Recurring Revenue: 8.6x |
|
Low | Non-recurring Revenue: 5.6x Recurring Revenue: 5.8x |
Non-recurring Revenue: 9.3x Recurring Revenue: 10.4x |
||
Aviation | High | Non-recurring Revenue: 5x Recurring Revenue: 5.6x |
Non-recurring Revenue: 6.7x Recurring Revenue: 8.8x |
|
Low | Non-recurring Revenue: 5.4x Recurring Revenue: 5.9x |
Non-recurring Revenue: 8.6x Recurring Revenue: 9.4x |
||
B2B SaaS | High | Non-recurring Revenue: 5.4x Recurring Revenue: 5.8x |
Non-recurring Revenue: 9.1x Recurring Revenue: 13.2x |
|
Low | Non-recurring Revenue: 5.7x Recurring Revenue: 6.4x |
Non-recurring Revenue: 10.3x Recurring Revenue: 17.1x |
||
Biotech | High | Non-recurring Revenue: 7.5x Recurring Revenue: 9.2x |
Non-recurring Revenue: 12.1x Recurring Revenue: 14x |
|
Low | Non-recurring Revenue: 8.3x Recurring Revenue: 10x |
Non-recurring Revenue: 13.3x Recurring Revenue: 16.6x |
||
Commercial Insurance | High | Non-recurring Revenue: 6.2x Recurring Revenue: 6.9x |
Non-recurring Revenue: 8.2x Recurring Revenue: 9.9x |
|
Low | Non-recurring Revenue: 7.1x Recurring Revenue: 7.9x |
Non-recurring Revenue: 9.1x Recurring Revenue: 12x |
||
Construction | High | Non-recurring Revenue: 3x Recurring Revenue: 4.4x |
Non-recurring Revenue: 6.7x Recurring Revenue: 7.3x |
|
Low | Non-recurring Revenue: 4.1x Recurring Revenue: 5.7x |
Non-recurring Revenue: 6.2x Recurring Revenue: 9x |
||
Cybersecurity | High | Non-recurring Revenue: 5.9x Recurring Revenue: 6.9x |
Non-recurring Revenue: 10.2x Recurring Revenue: 13.4x |
|
Low | Non-recurring Revenue: 6.4x Recurring Revenue: 7.9x |
Non-recurring Revenue: 10.6x Recurring Revenue: 15.5x |
||
eCommerce | High | Non-recurring Revenue: 6.5x Recurring Revenue: 8.8x |
Non-recurring Revenue: 10x Recurring Revenue: 12.9x |
|
Low | Non-recurring Revenue: 8.7x Recurring Revenue: 11.4x |
Non-recurring Revenue: 11.6x Recurring Revenue: 14.9x |
||
Engineering | High | 3.8x | 6.3x |
|
Low | 4.4x | 8.8x | ||
Entertainment | High | Non-recurring Revenue: 4.2x Recurring Revenue: 5.8x |
Non-recurring Revenue: 9.2x Recurring Revenue: 11.5x |
|
Low | Non-recurring Revenue: 4.6x Recurring Revenue: 6.9x |
Non-recurring Revenue: 9.2x Recurring Revenue: 12.2x |
||
Environmental & Clean Energy | High | Non-recurring Revenue: 4.7x Recurring Revenue: 5.4x |
Non-recurring Revenue: 8.6x Recurring Revenue: 10.2x |
|
Low | Non-recurring Revenue: 5.9x Recurring Revenue: 6.8x |
Non-recurring Revenue: 11.4x Recurring Revenue: 14x |
||
Financial Services | High | Non-recurring Revenue: 3.8x Recurring Revenue: 4.5x |
Non-recurring Revenue: 6.2x Recurring Revenue: 7.5x |
|
Low | Non-recurring Revenue: 4.2x Recurring Revenue: 4.7x |
Non-recurring Revenue: 6.4x Recurring Revenue: 8x |
||
Fintech | High | Non-recurring Revenue: 7x Recurring Revenue: 7.4x |
Non-recurring Revenue: 12x Recurring Revenue: 17.1x |
|
Low | Non-recurring Revenue: 7.7x Recurring Revenue: 9.1x |
Non-recurring Revenue: 13.3x Recurring Revenue: 19.8x |
||
Healthcare | High | Non-recurring Revenue: 5.8x Recurring Revenue: 6.3x |
Non-recurring Revenue: 8x Recurring Revenue: 9x |
|
Low | Non-recurring Revenue: 6.2x Recurring Revenue: 6.8x |
Non-recurring Revenue: 8.6x Recurring Revenue: 9.8x |
||
Higher Education | High | N/A | N/A |
|
Low | 6.4x | 10.5x | ||
Hotels & Resorts | High | 9.1x | 12.3x |
|
Low | 11x | 15.5x | ||
HVAC | High | Non-recurring Revenue: 2.5x Recurring Revenue: 4.1x |
Non-recurring Revenue: 6.1x Recurring Revenue: 6.7x |
|
Low | Non-recurring Revenue: 5x Recurring Revenue: 5.2x |
Non-recurring Revenue: 7.4x Recurring Revenue: 8.2x |
||
Industrial IOT | High | Non-recurring Revenue: 9.2x Recurring Revenue: 10.2x |
Non-recurring Revenue: 14.5x Recurring Revenue: 17.1x |
|
Low | Non-recurring Revenue: 11x Recurring Revenue: 12x |
Non-recurring Revenue: 18.2x Recurring Revenue: 20.8x |
||
IT & Managed Services | High | Non-recurring Revenue: 5.4x Recurring Revenue: 6.2x |
Non-recurring Revenue: 10.2x Recurring Revenue: 12.2x |
|
Low | Non-recurring Revenue: 8x Recurring Revenue: 8.7x |
Non-recurring Revenue: 11.9x Recurring Revenue: 14.8x |
||
Law Firms & Legal Services | High | Non-recurring Revenue: 4x Recurring Revenue: 5x |
Non-recurring Revenue: 5.3x Recurring Revenue: 7.6x |
|
Low | Non-recurring Revenue: 4.7x Recurring Revenue: 5.9x |
Non-recurring Revenue: 6.2x Recurring Revenue: 9x |
||
Manufacturing | High | Non-recurring Revenue: 5.7x Recurring Revenue: 6.2x |
Non-recurring Revenue: 8x Recurring Revenue: 8.6x |
|
Low | Non-recurring Revenue: 7x Recurring Revenue: 7.7x |
Non-recurring Revenue: 9.4x Recurring Revenue: 11.3x |
||
Oil & Gas | High | Non-recurring Revenue: 6.3x Recurring Revenue: 7x |
Non-recurring Revenue: 7.9x Recurring Revenue: 9x |
|
Low | Non-recurring Revenue: 6.5x Recurring Revenue: 7.6x |
Non-recurring Revenue: 8.7x Recurring Revenue: 9.8x |
||
Pharmaceutical | High | 8.7x | 14x |
|
Low | 11x | 16x | ||
Real Estate | High | Non-recurring Revenue: 4x Recurring Revenue: 4.5x |
Non-recurring Revenue: 6.7x Recurring Revenue: 8.1x |
|
Low | Non-recurring Revenue: 4.7x Recurring Revenue: 5.4x |
Non-recurring Revenue: 7x Recurring Revenue: 8.6x |
||
Software Development | High | Non-recurring Revenue: 4x Recurring Revenue: 5.6x |
Non-recurring Revenue: 6.2x Recurring Revenue: 7.6x |
|
Low | Non-recurring Revenue: 5x Recurring Revenue: 6.5x |
Non-recurring Revenue: 7.5x Recurring Revenue: 8.3x |
||
Staffing & Recruiting | High | Non-recurring Revenue: 5.7x Recurring Revenue: 6.7x |
Non-recurring Revenue: 9.1x Recurring Revenue: 10.2x |
|
Low | Non-recurring Revenue: 6.3x Recurring Revenue: 7.4x |
Non-recurring Revenue: 10.5x Recurring Revenue: 11.4x |
||
Transportation & Logistics | High | 6.2x | 9.7x |
|
Low | 6.9x | 11.1x |
Increasing Your EBITDA Multiple
High multiples are driven by growth. In addition to providing custom research, our firm drives demand generation by ghostwriting original content for your website like the report you just read. By investing in your website’s thought leadership, you turn your website into a self-sustaining marketing vehicle.
If you’re interested in discussing a partnership, you can contact us here.
PDF Requests, Inquiries, and Questions
If you’d like a copy of this report, would like to feature it in an article, or have a question for us, you can contact us here.
- Sherman & Co Q1 Behavior Health Market Update
- IT Government Contracting: March 2022
- Aerospace Q3 2020 Industry Update
- IMAP Automotive Industry Insights, Q3
- Automotive Industry M&A Review
- Balmoral Private Aviation Services Deal Activity Report
- Biotech & Genomics Valuation Multiples
- Average EBITDA Multiples: Health & Pharmaceuticals Sector
- Insurance Agency M&A Valuations
- Construction Business Valuations & Multiples
- Cybersecurity Investment Banking Insights Q4
- GCA E-Commerce Valuation Outlook Q3
- Engineering Firm Valuations: August
- Environment & Climate Change – Transaction Multiples
- Valuation Multiples for Financial Advisories
- Fintech: 2021 Valuation Multiples
- CB Insights’ State of Fintech
- Healthcare Services M&A: EBITDA Multiple Trends
- Education Market Update
- Transaction Multiples for Hotels, Restaurants and Bars
- HVAC Industry Update, Q3
- Market Update: Industrial Automation & IOT – Q2
- Mirus Capital M&A Outlook for Internet of Things
- 2020 Law Firm Valuations: A Fresh Look
- Taureau Group 2021 M&A Newsletter: Manufacturing Sector
- Goldman Sachs Midstream Market Review
- Valuation in the Oil & Gas Industry
- Valuation Research Industry Update: Pharmaceuticals
- Cogent Valuations Q2 Quarterly Update: Pharmaceuticals
- Valuation Multiples for Software Companies
- Recruiting and Staffing Company Valuations – June
- Executive Freight Trends Insight

Evan Bailyn is a bestselling author and award-winning speaker on the subjects of SEO and thought leadership. Contact Evan here.