You can find in the table below the EBITDA multiples for the industries available on the Equidam platform. The data is based on the annual estimate provided by Prof. Aswath Damodaran of the New York University for 2018.

WARNING: use with caution

Originally just a valuation solidity check, multiples have become a popular approach to value young, fast growing companies. The simplicity of this approach leads many practitioners to apply it acritically to compute valuations. This might generate biased results failing to represent the fair value of a company.

With Equidam, you can seamlessly compute your valuation using 5 methods, 2 of which are properly using these multiples, start now!

If you are a startup or a private company, and you’d still would like to only use the multiple approach, you should apply these multiples on the last year of your projections, and discount the result to today.

Industry	EBITDA Multiple
Advanced Medical Equipment & Technology	19.85
Advertising & Marketing	8.64
Aerospace & Defense	11.97
Agricultural Chemicals	10.15
Airlines	6.54
Airport Operators & Services	6.54
Aluminum	6.03
Apparel & Accessories	10.31
Apparel & Accessories Retailers	7.94
Appliances, Tools & Housewares	8.65
Auto & Truck Manufacturers	8.10
Auto Vehicles, Parts & Service Retailers	9.84
Auto, Truck & Motorcycle Parts	5.94
Banks*	18.41
Biotechnology & Medical Research	13.44
Brewers	12.39
Broadcasting**	8.33
Other Broadcasting	8.28
Cable Service Providers	8.46
Radio Broadcasting	8.28
Television Broadcasting	8.28
Business Support Services**	11.10
Call Center Services	11.07
Cleaning Services	11.07
Commercial Educational Services	11.52
Corporate Accounting Services	11.07
Data Processing Services	11.07
Exhibition & Conference Services	11.07
Health, Safety & Fire Protection Equipment	7.37
Industrial Design Services	11.07
Industrial Equipment Rental	11.07
Legal Services	11.07
Maintenance & Repair Services	11.07
Management Consulting Services	11.07
Office Equipment & Supplies Rental	11.07
Office Furniture	7.37
Office Supplies	7.37
Office Supplies Wholesale	7.37
Pest Control Services	11.07
Security Services	11.07
Testing Laboratories	11.07
Transaction & Payment Services	11.07
Translation & Interpretation Services	11.07
Other Business Support Services	11.07
Other Business Support Supplies	7.37
Business Support Supplies	7.37
Casinos & Gaming	10.24
Closed End Funds	18.25
Coal	4.51
Commercial Printing Services	9.02
Commercial REITs	19.96
Commodity Chemicals	7.47
Communications & Networking	14.34
Computer & Electronics Retailers	7.94
Computer Hardware	6.72
Construction & Engineering	7.83
Construction Materials	8.58
Construction Supplies & Fixtures	8.36
Consumer Lending*	18.41
Consumer Publishing	9.02
Corporate Financial Services*	18.41
Courier, Postal, Air Freight & Land-based Logistics	8.29
Department Stores	8.99
Discount Stores	10.03
Distillers & Wineries	12.39
Diversified Chemicals	7.01
Diversified Industrial Goods Wholesalers	8.82
Diversified Investment Services	18.25
Diversified Mining	6.03
Diversified REITs	19.96
Drug Retailers	7.94
Electric Utilities	9.43
Electrical Components & Equipment	8.65
Electronic Equipment & Parts	8.65
Employment Services	11.07
Entertainment Production	13.85
Environmental Services & Equipment	11.23
Exchange-Traded Funds	18.25
Financial & Commodity Market Operators & Service Providers	19.89
Fishing & Farming**	11.29
Agricultural Biotechnology	11.39
Agricultural Consultancy Services	11.39
Agriculture Support Services	11.39
Animal Breeding	11.39
Animal Feed	11.39
Aquaculture	11.39
Cattle Farming	11.39
Coffee, Tea & Cocoa Farming	11.39
Commercial Fishing	11.39
Commercial Nurseries	11.39
Fishing & Farming Wholesale	9.32
Fur Farming	11.39
Grain (Crop) Production	11.39
Hog & Pig Farming	11.39
Organic Farming	11.39
Poultry Farming	11.39
Sheep & Specialty Livestock Farming	11.39
Sugarcane Farming	11.39
Vegetable, Fruit & Nut Farming	11.39
Other Fishing & Farming	11.39
Food Processing	11.92
Food Retail & Distribution**	8.33
Beer, Wine & Liquor Stores	8.17
Food Markets	8.17
Food Wholesale	9.32
Supermarkets & Convenience Stores	8.17
Tobacco Stores	8.17
Vending Machine Providers	8.17
Other Food Retail & Distribution	8.17
Footwear	14.50
Forest & Wood Products	6.70
Gold	7.53
Ground Freight & Logistics	8.21
Healthcare Facilities & Services	10.92
Heavy Electrical Equipment	8.65
Heavy Machinery & Vehicles	9.69
Highways & Rail Tracks	10.20
Home Furnishings	8.29
Home Furnishings Retailers	10.32
Home Improvement Products & Services Retailers	10.32
Homebuilding	7.39
Hotels, Motels & Cruise Lines	10.24
Household Electronics	6.19
Household Products	14.76
Independent Power Producers	9.16
Industrial Conglomerates	8.82
Industrial Machinery & Equipment	9.69
Insurance Funds	18.25
Integrated Oil & Gas	4.91
Integrated Telecommunications Services	6.19
Investment Banking & Brokerage Services*	18.41
Investment Holding Companies	18.25
Investment Management & Fund Operators	18.25
Iron & Steel	5.05
IT Services & Consulting	8.91
Leisure & Recreation**	11.24
Adventure Sports Facilities & Ski Resorts	11.61
Amusement Parks and Zoos	11.61
Golf Courses	11.61
Guided Tour Operators	9.00
Gyms, Fitness and Spa Centers	11.61
Hunting & Fishing	11.61
Marinas	11.61
Movie Theaters & Movie Products	11.61
Museums & Historic Places	11.61
Professional Sports Venues	11.61
Public Sport Facilities	11.61
Theatres & Performing Arts	11.61
Travel Agents	9.00
Other Leisure & Recreation	11.61
Life & Health Insurance	7.40
Managed Healthcare	10.33
Marine Freight & Logistics	9.44
Marine Port Services	9.44
Medical Equipment, Supplies & Distribution	17.73
Mining Support Services & Equipment	6.03
Miscellaneous Specialty Retailers	7.94
Multiline Insurance & Brokers	7.52
Multiline Utilities	9.43
Mutual Funds	18.25
Natural Gas Utilities	9.43
Non-Alcoholic Beverages	16.12
Non-Gold Precious Metals & Minerals	7.53
Non-Paper Containers & Packaging	8.09
Office Equipment	7.37
Oil & Gas Drilling	7.01
Oil & Gas Exploration and Production	5.55
Oil & Gas Refining and Marketing	11.72
Oil & Gas Transportation Services	11.72
Oil Related Services and Equipment	7.01
Online Services**	16.76
Content & Site Management Services	17.73
E-commerce & Marketplace Services	10.97
Internet Gaming	17.73
Internet Security & Transactions Services	17.73
Search Engines	17.73
Social Media & Networking	17.73
Other Online Services	17.73
Paper Packaging	8.09
Paper Products	6.70
Passenger Transportation, Ground & Sea	8.29
Pension Funds	18.25
Personal Products	17.73
Personal Services**	11.12
Accounting & Tax Preparation	11.07
Child Care & Family Services	11.07
Consumer Goods Rental	11.07
Consumer Repair Services	11.07
Funeral Services	11.07
General Education Services	11.52
Personal Care Services	11.07
Personal Legal Services	11.07
Other Personal Services	11.07
Pharmaceuticals	12.93
Phones & Handheld Devices	8.73
Professional Information Services	18.34
Property & Casualty Insurance	9.00
Real Estate Rental, Development & Operations	9.25
Real Estate Services	16.87
Recreational Products	11.61
Reinsurance	10.04
Renewable Energy Equipment & Services	10.36
Renewable Fuels	10.36
Residential REITs	19.96
Restaurants & Bars	12.35
Semiconductor Equipment & Testing	7.71
Semiconductors	7.64
Shipbuilding	9.44
Software	19.89
Specialized REITs	19.96
Specialty Chemicals	10.15
Specialty Mining & Metals	6.03
Textiles & Leather Goods	10.31
Tires & Rubber Products	6.13
Tobacco	10.58
Toys & Children’s Products	11.61
UK Investment Trusts	18.25
Uranium	9.16
Water & Related Utilities	11.43
Wireless Telecommunications Services	6.19

*For these industries, a higher level business sector multiple is applied

**For these industries, a lower activity-based level is available

 

With Equidam, you can seamlessly compute your valuation using 5 methods, 2 of which are properly using these multiples, start now!