Industry Multiples Damodaran, ̈ Is the multiple uniformly estimated? ¤ The variables used in defining the multiple should be estimated uniformly across assets in the “comparable firm” list. Data calibrated on Damodaran betas, updated 2026. In this report, we share our meta-analysis of EBITDA multiples for small-to-midsized private businesses, parsed by industry and company size. Retail (REITs) Industry Name Total Market 000000Revenue While earnings and book value multiples are intuitively appealing and widely used, analysts in recent years have increasingly turned to alternative multiples to value companies. For firms ,in such certain s cell industries la , substantial investment in multiple seems to be more Notes Pricing ratios (or multiples) can be used to price companies, with the end game of determining whether they are under or over priced. First, a valuation based upon a multiple and comparable assumptions and far more quickly than a valuation Choosing Between the Multiples ̈ As presented in this section, there are dozens of multiples that can be potentially used to value an individual firm. (Non-bank & Insurance) Data Used: Multiple data services Date of Analysis: Data used is as of January 2026 Reference table of EBITDA multiples and WACC by industry for SMEs. The data is based on the early 2020 estimate, published annually by Prof Prof. nyu. For young firms that have Enterprise value multiples look at market value of the operating assets of the firm and not just the equity invested in them. stern. Thus, they provide a broader measure of value that is less affected Data Used: Multiple data services Date of Analysis: Data used is as of January 2026 Data Breakdown: I explain how I break the data down by variable, by industry, by region, by time and by company. EBITDA multiples are ratio of company's Enterprise Value to its EBITDA. html can be obtained by clicking here on which companies are included in each industry Financial Svcs. For firms in certain industries , such as It investigates whether constructing one’s own industry market multiples for company valuation which are based on a market approach provides better results than using Damodaran’s market multiples in The data is based on the early 2023 estimate, published annually by Prof. Verified transaction data from GF Data, Capstone Partners, and Bain. Data Used: Multiple data services Date of Analysis: Data used is as of January 2026 A grounded valuation depends on grounded assumptions: Equidam curates the reliability of data sources and their specificity to your country and industry. Size Here is the list of EBITDA multiples across industries. Learn how to calculate this financial metric. Note: Three industries You can refer to the table below to see how the EBITDA multiples for the industries available on the Equidam platform will change on February Reasons for Popularity Whyis relative valuation so widely used? There areseveral reasons. Download as an excel file instead: https://www. Thus, they provide a broader measure of value that is less affected . Current Data: This is where the data resides, broken down into corporate finance, VALUE/EBITDA MULTIPLE What is it? Value: Market Value of Equity + Market Value of Debt + Market Value of Other Securities EBITDA: Earnings before 1. The effect on the valuation depends on the industry, but in Enterprise value multiples look at market value of the operating assets of the firm and not just the equity invested in them. Historical annual returns on stocks, bonds, bills & real estate for the United States from 1928 to the most recent year. Aswath Damodaran of New York University. Research shows that excess returns are positive for the stocks of companies with actual multiples lower than the warranted multiples, and negative for those with actual multiples higher than the warranted Discover and compare the average EBITDA multiples by industry. edu/~adamodar/New_Home_Page/data. ̈ In addition, relative valuation can be relative to a sector The Essence of relative valuation? In relative valuation, the value of an asset is compared to the values assessed by the market for similar or comparable assets. ¤ If earnings-based multiples are used, the The multiple even can for be firms computed that losses, since earnings before usually positive. 000+ public company multiples add your own to get to the perfect valuation. It is a useful starting point for estimating historical equity premiums. edu/~adamodar/pc/datasets/vebitda. The multiple can be computed even for firms that are reporting net losses, since earnings before interest, taxes and depreciation are usually positive. 2. xls For global datasets: https://www. Search through our database of 30. Current EBITDA multiples for 63 industries and sub-sectors, from SaaS (8x-25x) to home services (3x-10x).
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