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 2024.

EBITDA is an acronym that stands for earnings before interest, tax, depreciation, and amortization. EBITDA multiples are one of the most commonly used business valuation indicators that is often used by investors or potential buyers to assess a company’s financial performance. The EBITDA multiple will depend on the size of the subject company, its profitability, its growth prospects, and the industry in which it works.  

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 uncritically to compute valuations. This might generate biased results failing to represent the fair value of a company.

Equidam allows you to easily calculate, understand and negotiate your valuation: sign up now!

Industry EBITDA Multiple
Advanced Medical Equipment & Technology 21.66
Advertising & Marketing 11.94
Aerospace & Defense 17.91
Agricultural Chemicals 12.47
Airlines 8.42
Airport Operators & Services 8.42
Aluminum 7.82
Apparel & Accessories 13.19
Apparel & Accessories Retailers 11.71
Appliances, Tools & Housewares 15.55
Auto & Truck Manufacturers 9.84
Auto Vehicles, Parts & Service Retailers 11.19
Auto, Truck & Motorcycle Parts 8.55
Banks* 17.98
Biotechnology & Medical Research 15.32
Brewers 13.89
Broadcasting** 7.87
     Other Broadcasting 7.87
     Cable Service Providers 7.88
     Radio Broadcasting 7.87
     Television Broadcasting 7.87
Business Support Services** 15.19
     Call Center Services 15.44
     Cleaning Services 15.44
     Commercial Educational Services 10.92
     Corporate Accounting Services 15.44
     Data Processing Services 15.44
     Exhibition & Conference Services 15.44
     Health, Safety & Fire Protection Equipment 9.43
     Industrial Design Services 15.44
     Industrial Equipment Rental 15.44
     Legal Services 15.44
     Maintenance & Repair Services 15.44
     Management Consulting Services 15.44
     Office Equipment & Supplies Rental 15.44
     Office Furniture 9.43
     Office Supplies 9.43
     Office Supplies Wholesale 9.43
     Pest Control Services 15.44
     Security Services 15.44
     Testing Laboratories 15.44
     Transaction & Payment Services 15.44
     Translation & Interpretation Services 15.44
     Other Business Support Services 15.44
     Other Business Support Supplies 9.43
Business Support Supplies 9.43
Casinos & Gaming 15.09
Closed End Funds 16.81
Coal 4.07
Commercial Printing Services 12.2
Commercial REITs 21.66
Commodity Chemicals 12.71
Communications & Networking 14.28
Computer & Electronics Retailers 11.71
Computer Hardware 18.66
Construction & Engineering 9.4
Construction Materials 11.51
Construction Supplies & Fixtures 10.17
Consumer Lending* 17.98
Consumer Publishing 12.2
Corporate Financial Services* 17.98
Courier, Postal, Air Freight & Land-based Logistics 13.1
Department Stores 15.61
Discount Stores 11.84
Distillers & Wineries 13.89
Diversified Chemicals 7.98
Diversified Industrial Goods Wholesalers 8.93
Diversified Investment Services 16.81
Diversified Mining 7.82
Diversified REITs 21.66
Drug Retailers 11.71
Electric Utilities 9.86
Electrical Components & Equipment 15.55
Electronic Equipment & Parts 15.55
Employment Services 15.44
Entertainment Production 15.78
Environmental Services & Equipment 14.04
Exchange-Traded Funds 16.81
Financial & Commodity Market Operators & Service Providers 28.48
Fishing & Farming** 9.75
     Agricultural Biotechnology 9.75
     Agricultural Consultancy Services 9.75
     Agriculture Support Services 9.75
     Animal Breeding 9.75
     Animal Feed 9.75
     Aquaculture 9.75
     Cattle Farming 9.75
     Coffee, Tea & Cocoa Farming 9.75
     Commercial Fishing 9.75
     Commercial Nurseries 9.75
     Fishing & Farming Wholesale 9.71
     Fur Farming 9.75
     Grain (Crop) Production 9.75
     Hog & Pig Farming 9.75
     Organic Farming 9.75
     Poultry Farming 9.75
     Sheep & Specialty Livestock Farming 9.75
     Sugarcane Farming 9.75
     Vegetable, Fruit & Nut Farming 9.75
     Other Fishing & Farming 9.75
Food Processing 12.15
Food Retail & Distribution** 9.35
     Beer, Wine & Liquor Stores 9.29
     Food Markets 9.29
     Food Wholesale 9.71
     Supermarkets & Convenience Stores 9.29
     Tobacco Stores 9.29
     Vending Machine Providers 9.29
     Other Food Retail & Distribution 9.29
Footwear 17.31
Forest & Wood Products 10.15
Gold 8.81
Ground Freight & Logistics 9.98
Healthcare Facilities & Services 12.44
Heavy Electrical Equipment 15.55
Heavy Machinery & Vehicles 14.74
Highways & Rail Tracks 13.31
Home Furnishings 9.74
Home Furnishings Retailers 12.92
Home Improvement Products & Services Retailers 12.92
Homebuilding 8.03
Hotels, Motels & Cruise Lines 15.09
Household Electronics 11.44
Household Products 15.11
Independent Power Producers 8.71
Industrial Conglomerates 8.93
Industrial Machinery & Equipment 14.74
Insurance Funds 16.81
Integrated Oil & Gas 5.33
Integrated Telecommunications Services 6.88
Investment Banking & Brokerage Services* 17.98
Investment Holding Companies 16.81
Investment Management & Fund Operators 16.81
Iron & Steel 6.9
IT Services & Consulting 14.68
Leisure & Recreation** 11.79
Adventure Sports Facilities & Ski Resorts 11.79
Amusement Parks and Zoos 11.79
Golf Courses 11.79
Guided Tour Operators 11.79
Gyms, Fitness and Spa Centers 11.79
Hunting & Fishing 11.79
Marinas 11.79
Movie Theaters & Movie Products 11.79
Museums & Historic Places 11.79
Professional Sports Venues 11.79
Public Sport Facilities 11.79
Theatres & Performing Arts 11.79
Travel Agents 11.79
Other Leisure & Recreation 11.79
Life & Health Insurance 7.22
Managed Healthcare 11.06
Marine Freight & Logistics 6.12
Marine Port Services 6.12
Medical Equipment, Supplies & Distribution 20.07
Mining Support Services & Equipment 7.82
Miscellaneous Specialty Retailers 11.71
Multiline Insurance & Brokers 8.14
Multiline Utilities 9.86
Mutual Funds 16.81
Natural Gas Utilities 9.86
Non-Alcoholic Beverages 17.27
Non-Gold Precious Metals & Minerals 8.81
Non-Paper Containers & Packaging 9.29
Office Equipment 9.43
Oil & Gas Drilling 6.44
Oil & Gas Exploration and Production 4.22
Oil & Gas Refining and Marketing 8.65
Oil & Gas Transportation Services 8.65
Oil Related Services and Equipment 6.44
Online Services** 20.44
     Content & Site Management Services 20.44
     E-commerce & Marketplace Services 20.44
     Internet Gaming 20.44
     Internet Security & Transactions Services 20.44
     Search Engines 20.44
     Social Media & Networking 20.44
     Other Online Services 20.44
Paper Packaging 9.29
Paper Products 10.15
Passenger Transportation, Ground & Sea 13.1
Pension Funds 16.81
Personal Products 20.07
Personal Services** 14.94
     Accounting & Tax Preparation 15.44
     Child Care & Family Services 15.44
     Consumer Goods Rental 15.44
     Consumer Repair Services 15.44
     Funeral Services 15.44
     General Education Services 10.92
     Personal Care Services 15.44
     Personal Legal Services 15.44
     Other Personal Services 15.44
Pharmaceuticals 14.6
Phones & Handheld Devices 14.16
Professional Information Services 11.38
Property & Casualty Insurance 9.25
Real Estate Rental, Development & Operations 13.21
Real Estate Services 16.5
Recreational Products 11.79
Reinsurance 8.52
Renewable Energy Equipment & Services 13.95
Renewable Fuels 13.95
Residential REITs 21.66
Restaurants & Bars 16.48
Semiconductor Equipment & Testing 19.32
Semiconductors 20.98
Shipbuilding 6.12
Software 28.48
Specialized REITs 21.66
Specialty Chemicals 12.47
Specialty Mining & Metals 7.82
Textiles & Leather Goods 13.19
Tires & Rubber Products 6.94
Tobacco 9.33
Toys & Children’s Products 11.79
UK Investment Trusts 16.81
Uranium 8.71
Water & Related Utilities 12.67
Wireless Telecommunications Services 7.37

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

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

Search through our database of 30.000+ public company multiples add your own to get to the perfect valuation.
Get started now

Privacy Preference Center