The Equidam Monthly curates a collection of articles from the best in the industry and delivers it to you every last Friday of the month. READY: learn about the hottest startup trends out there. SET: receive advice from founders and leaders of the most transformative companies. GO!!!: get inspired by successes of people just like you.

EBITDA Multiples by Industry

  • 4

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!

Luca Trevisan
AUTHOR

Luca Trevisan

All stories by: Luca Trevisan

Leave a Reply

1 Comment on "EBITDA Multiples by Industry"


Guest
Anonymous
28 days 16 hours ago

Thank you Luca!