EBITDA MULTIPLE CALCULATOR · 2026 SOURCES
Match the multiple to both size and industry.
Enter normalized EBITDA for instant size references. Add a supported broad industry to compare its separate PE-backed average—only when the result stays inside that source's reported universe.
Check my EBITDANot normalized yet? Reconcile net income and add-backs first
EBITDA → ENTERPRISE VALUE
Which reported market references fit your EBITDA?
Your EBITDA stays in this browser. We record only that the calculator was used—not the amount.
INDEXABLE EXAMPLES
What different EBITDA amounts map to.
Each cell is a separate source-consistent reference—not a recommended midpoint or company-specific appraisal.
THREE RULES
The multiple is only as credible as the match.
The implied value must fit the reported band.
A 10× multiple from a $100M–$250M enterprise-value tier is not automatically valid for a $10M company. The calculator checks that relationship in both directions.
PE-backed platforms are not every private company.
GF Data's published rows describe completed platform acquisitions by private-equity buyers. The Market Pulse reference covers a broader lower-middle-market population.
An industry average is another lens—not the answer.
The optional industry reference stays separate from size. Growth, margins, recurrence, concentration, management depth, reporting, capital needs, and cash-flow conversion still determine where a real company trades.
SOURCE CONTRACT
Two source families. Separate dimensions.
We transcribed the reported company-size and industry aggregates and retained each row's value band or universe, earnings metric, period, and buyer population. The tool does not blend size with industry, force ambiguous categories into a sector, convert SDE to EBITDA, or use a private transaction row.
YOUR COMPANY · PRIVATE
Add industry, revenue, and operating context.
Check your EBITDA above, then carry it from this browser-only tool into a private account. Contribute operating details only when you want access to eligible protected cohorts.
COMMON QUESTIONS
EBITDA multiples without the false precision.
What EBITDA multiple should I use to value a business?
There is no single multiple that applies to every private company. A usable starting point must match the company’s size, supported broad industry, buyer universe, earnings definition, and source period. This calculator tests each cited size tier and adds an industry average only when its implied enterprise value remains inside the source’s $10 million–$250 million universe.
Why can one EBITDA amount produce more than one value?
The references answer different questions. IBBA/M&A Source reports broader lower-middle-market size bands, while GF Data reports PE-backed platform-buyout size and industry aggregates. The tool keeps size and industry separate instead of inventing one blended midpoint.
Is EBITDA times a multiple the seller’s proceeds?
No. The calculation indicates enterprise value. Equity value and cash at closing still depend on debt, cash, working capital, transaction expenses, rollover equity, seller financing, earnouts, taxes, and other deal terms.
What is normalized EBITDA?
Normalized EBITDA starts with reported EBITDA and adjusts only for supportable items that are non-recurring, non-operating, or not expected to continue under a buyer. Market-rate management compensation should remain in the expenses for a management-run company.
Does this calculator use private transaction records?
No. The public calculator uses only cited aggregate company-size and broad-industry benchmarks. Protected transaction cohorts and anonymized comparable clusters require a private account and a contributed operating profile.