SMB and middle-market M&A valuation multiples

Open dataset of median valuation multiples from disclosed M&A transactions, 2018-2026, by industry and deal size. Download the data as JSON from the repository.

IndustryPublished cellsFirst EV/EBITDA median
Advertising agency1–
Aerospace514.68x
Ambulatory surgery center (ASC)58.1x
Apparel3–
Auto parts38.11x
Beverage Manufacturing1–
Consulting3–
Consumer products613.18x
Dental practice36.95x
Digital media1–
Durable medical equipment (DME)55.3x
Electrical utility1–
Electronics79.12x
Enterprise software222.18x
Food Distribution1–
Food manufacturing414.6x
Freight Brokerage1–
Gaming59.25x
Health tech1–
Healthcare IT715.25x
Home health74.7x
Hospice1–
IT services611.5x
Industrial equipment88.41x
Insurance Agency1–
Laboratory services525.87x
Medical devices813.0x
Mental / behavioral health313.65x
Metal fabrication67.1x
Oil & gas services74.01x
Packaging29.9x
Pharmacy513.3x
Physical therapy2–
Plastics2–
Primary-care practice63.6x
Radio & television210.93x
Restaurant (QSR)410.61x
SaaS910.72x
Specialty contractor68.69x
Specialty medical practice65.9x
Specialty retail68.98x
Trucking3–
Veterinary practice118.8x
Wholesale distribution86.17x

Methodology and the full benchmark pages: exitvalue.ai/methodology.


Open data, CC-BY-4.0. Aggregate medians of disclosed M&A transactions (licensed M&A database, SEC EDGAR filings, verified press releases). Published by ExitValue.ai · source repo · DOI 10.5281/zenodo.20398222