SME Multiples
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Valuation Reference

SME Business Valuation Multiples

SME Multiples Guide provides AI-assisted indicative EBITDA multiple ranges for SMEs. Figures are intended as directional valuation benchmarks and should not be relied upon as formal valuation advice.

All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.

These ranges provide broad indicative benchmarks for SMEs with approximately $1m–$50m in annual revenue. Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.

210 industries shown

IndustryRangeTypical
Financial Planning & Wealth Management
6×–12×
SaaS / Software as a Service
6×–14×
Accounting Firm
4×–7×
5.5×
E-Commerce Business
2.5×–5×
3.5×
IT Managed Services (MSP)
4×–7×
5.5×
Construction Business
2×–4×
Hotel Business
2×–5×
3.5×
Restaurant Business
1.5×–4×
2.5×
Management Consulting Firm
3×–6×
4.5×
Insurance Brokerage
7×–12×
Mortgage Broker
3×–6×
4.5×
Dental Practice
4×–8×
Veterinary Practice
5×–9×
Recruitment & Staffing Agency
2×–5×
3.5×
Digital Marketing Agency
3×–6×
4.5×
Residential Care Home
4×–8×
Home Care Business
3×–6×
4.5×
Manufacturing Business
4×–7×
Food Manufacturing Business
4×–7×
Waste Management & Recycling Business
4×–7×
5.5×
Logistics & Freight Business
2.5×–5×
3.5×
Warehousing & Storage Business
4×–7×
5.5×
Engineering Services Business
3×–6×
4.5×
Civil Engineering Business
2×–4×
Property Development Business
1.5×–4×
2.5×
Facilities Management Business
3×–5×
Security Services Business
2.5×–5×
3.5×
Cleaning Services Business
2×–4×
PR & Communications Agency
3×–6×
Creative & Design Agency
2.5×–5×
3.5×
Physiotherapy & Allied Health Business
3×–6×
4.5×
Optician Business
3×–6×
4.5×
Childcare & Nursery Business
3×–6×
4.5×
Training & Education Business
3×–6×
4.5×
Law Firm
3×–6×
4.5×
Retail Business
2.5×–5×
3.5×
Consumer Brand
3×–7×
Telecoms & Connectivity Business
3×–6×
4.5×
Energy Broking Business
3×–6×
4.5×
Plumbing & HVAC Business
2.5×–5×
3.5×
Specialist Contractor
2.5×–5×
3.5×
Printing & Packaging Business
2.5×–5×
3.5×
Media & Publishing Business
2×–5×
3.5×
Video Production Business
2.5×–5×
3.5×
Architecture Practice
2.5×–5×
3.5×
Environmental Services Business
3.5×–6.5×
Tax Advisory Firm
4×–7×
5.5×
HR Consulting Business
3×–5.5×
Bookkeeping Services Business
2.5×–4.5×
3.5×
Pest Control Business
4×–7×
5.5×
Events & Conferencing Business
2×–4.5×
Leisure Venue & Fitness Business
2.5×–5×
3.5×
Funeral Services Business
5×–9×
Conveyancing Business
2.5×–5×
3.5×
Estate Agent Business
2×–4.5×
Cybersecurity Business
4×–8×
HealthTech Business
5×–10×
PropTech Business
4×–8×
FinTech Business
4×–9×
6.5×
EdTech Business
3.5×–7×
Renewable Energy Developer
5×–10×
7.5×
Renewable Energy O&M / Services
4×–8×
Renewable Energy Installer
3×–6×
4.5×
Operating Renewable Energy Assets
7×–14×
10×
Heating & Renewables Business
3×–6×
4.5×
Electrical Contractor
2.5×–5×
3.5×
Surveying & Valuation Business
3×–6×
4.5×
Data Analytics & BI Business
4×–8×
Payroll Services Business
4×–7×
5.5×
Legal Tech Business
5.5×–11×
7.5×
Occupational Health Business
3.5×–6.5×
Mental Health & Therapy Business
3×–6×
4.5×
Financial Software Business
6×–12×
Risk Management & Compliance Business
3.5×–6.5×
Pet Services Business
3×–6×
4.5×
Beauty & Hair Salon
1.5×–3.5×
2.5×
Market Research Business
3×–6×
4.5×
Automotive Dealership
3×–6×
Subscription Box Business
2.5×–5×
3.5×
Independent Pharmacy
3×–6×
4.5×
Landscaping & Grounds Maintenance Business
2.5×–4.5×
3.5×
Social Media Management Agency
2.5×–5×
3.5×
Forensic Accounting Firm
4×–7×
5.5×
Supply Chain Consultancy
3.5×–6.5×
Garden Centre Business
2.5×–5×
3.5×
Business Broker
2.5×–5×
3.5×
AgriTech Business
3×–6.5×
Event Management Agency
2×–4.5×
Pharmaceutical Distribution Business
3.5×–6.5×
IT Hardware Reseller
1.5×–3.5×
2.5×
Fleet Management Business
3×–5.5×
Water Treatment & Environmental Business
3.5×–6.5×
Translation & Language Services Business
3×–5.5×
Sports & Fitness Coaching Business
2×–4.5×
Sports Nutrition & Supplements Business
3×–6×
4.5×
Appliance Repair Business
3×–5.5×
Vehicle Recovery & Breakdown Business
2.5×–5×
3.5×
Aerospace & Defence Supplier
4×–8×
Marine & Boating Business
2.5×–5×
3.5×
Fashion & Apparel Brand
2.5×–6×
Funeral Planning & Prepaid Plans Business
4×–8×
Chauffeur & Executive Transport Business
2×–4.5×
Property Management Business
3.5×–7×
Cleaning Product Manufacturing Business
3×–6×
4.5×
Mortgage Technology Business
5.5×–11×
7.5×
Private Equity & Fund Administration Business
4×–8×
Photography Business
1.5×–3.5×
2.5×
Signage & Display Business
2.5×–5×
3.5×
Commercial Insurance Underwriting Agency
5×–10×
7.5×
Corporate Finance Advisory
3.5×–7×
Software Testing & QA Business
3.5×–7×
B2B SaaS Marketplace
6×–14×
HR Technology Business
5.5×–11×
7.5×
Mortgage Lending Business
4×–8×
Corporate Training Business
3×–6×
4.5×
IP Licensing & Patent Business
5×–10×
7.5×
Commercial Cleaning Equipment Supplier
2.5×–5×
3.5×
Outdoor Advertising Business
3×–6×
4.5×
Medical Device Business
4×–9×
6.5×
Personal Injury Law Firm
3×–6×
4.5×
Geospatial & Mapping Business
4×–8×
Catering Equipment Supplier
2×–4.5×
Street Food & Fast Casual Restaurant
2×–4.5×
Care Technology Business
4×–8×
Mining & Quarrying Business
2.5×–5.5×
Commercial Photography Studio
2×–4×
Specialist Finance Broker
3.5×–7×
5.5×
Timber & Wood Products Business
2.5×–5×
3.5×
Sports Club Management Business
2×–4.5×
Brewing & Craft Beer Business
3×–6×
4.5×
Drone & UAV Services Business
3×–6.5×
Children's Tutoring Business
3×–6×
4.5×
Document Management Business
4×–7×
5.5×
Valeting & Detailing Business
2×–4.5×
Life Sciences CRO Business
5×–10×
Debt Collection Business
3×–6×
4.5×
Building Product Manufacturer
4×–7×
Telematics & Connected Vehicle Business
4×–8×
Clinical Staffing Agency
3×–6×
4.5×
Electrical Wholesale Business
3×–5.5×
Personal Finance App Business
4×–9×
Jewellery Retail Business
2×–4.5×
Winery & Vineyard Business
3.5×–7×
IT Staffing & Contractor Business
2×–4.5×
Private Ambulance & Patient Transport Business
3×–6×
4.5×
Electronic Manufacturing Services Business
4×–7×
Sports Betting Technology Business
5×–10×
Timber Frame Construction Business
2.5×–5×
3.5×
Grant Writing & Funding Consultancy
3×–6×
4.5×
Plastics & Polymer Processing Business
2.5×–5×
3.5×
Outsourced Finance Function Business
3.5×–7×
5.5×
Auctioneering Business
3×–6×
4.5×
Employee Benefits Consultancy
4×–8×
Laboratory Testing Business
4×–8×
Outsourced IT Support Business
3.5×–7×
5.5×
Flooring & Interior Fit-Out Business
2×–4.5×
Data Centre & Co-Location Business
7×–14×
10×
E-Learning Platform Business
4×–8×
Sports Sponsorship & Management Business
3×–6×
4.5×
Customer Experience & CX Technology Business
4×–8×
Immigration Law Firm
3×–6.5×
Fleet Leasing Business
3.5×–7×
5.5×
Music Production & Publishing Business
3.5×–7×
5.5×
Health & Safety Consultancy
3×–6×
4.5×
Automotive Parts Distributor
3×–5.5×
Commercial Real Estate Agency
3×–6×
4.5×
AI & Machine Learning Business
6×–15×
Private Label Brand Business
3×–7×
Commercial Laundry Business
3.5×–7×
5.5×
Wedding Venue Business
3×–6×
4.5×
Veterinary Diagnostics Business
5×–9×
Smart Building Technology Business
4×–8×
Aromatherapy & Wellness Product Business
2.5×–5×
3.5×
Heritage & Luxury Property Business
3×–6.5×
Space Technology Business
5×–10×
7.5×
Executive Coaching Business
2.5×–5×
3.5×
Travel Management Business
2.5×–5×
3.5×
Addiction Treatment Business
4×–8×
Gaming & Esports Business
4×–9×
6.5×
Crypto & Blockchain Technology Business
3×–9×
Fire Protection Business
4×–7×
5.5×
Online Marketplace Business
4×–10×
Scientific Instruments Business
4×–8×
Plant Hire Business
2.5×–5×
3.5×
Business Coaching Business
2×–4.5×
Roofing Contractor
2×–4.5×
Plastering & Dry Lining Business
1.5×–3.5×
2.5×
Children's Entertainment Business
2.5×–5×
3.5×
Human Capital Management Software Business
6×–12×
Scaffold Business
2×–4.5×
Broadcast Technology Business
4×–8×
Cyber Insurance Broker
7×–12×
Modular & Prefab Construction Business
3×–6×
4.5×
Private Dental Specialist Practice
5×–9×
Insurance Claims Management Business
3×–6.5×
Neonatal & Maternity Equipment Business
4×–8×
Private Security Technology Business
4×–8×
Stone & Tile Business
2.5×–5×
3.5×
Diagnostic Imaging Business
4×–8×
Specialist Printing Business
3×–6×
4.5×
Student Accommodation Business
5×–10×
7.5×
Music School & Tuition Business
2×–4.5×
Digital Accessibility Consultancy
3.5×–7×
Animal Feed & Pet Food Manufacturing
3×–6×
4.5×
Retail Pharmacy Chain
4×–7×
5.5×
Renewable Energy Finance Business
4×–8×
Pest & Fumigation Services
3.5×–7×
Offshore Staffing & BPO Business
3×–6×
4.5×
Horticultural Business
2×–4.5×
Satellite Communications Business
5×–10×
7.5×
SME Multiples · Reference data only, not financial advice© 2026 SME Multiples