Mid Multiple

Fashion & Apparel Retail Business — Business Valuation Multiple

EBITDA Valuation Guide · Small & Mid-Sized Businesses

Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.

Min

2.5×

Typical

3.5×

Max

5×

Revenue Model

Transactional

Capital Intensity

Medium

2.5×Typical EBITDA Range5×

A typical multiple of 3.5× EBITDA reflects mid-market transactions in the $1–$50M revenue range.

Overview

Fashion & Apparel Retail Business businesses may trade across a broad 2.5×–5× EBITDA range, with a typical multiple around 3.5×. Valuations are driven by brand positioning, proprietary and exclusive product ranges, omnichannel capability, customer loyalty and inventory discipline. Businesses with stronger recurring revenue, diversified customers, transferable teams and lower owner dependence generally attract the upper end of the range. Key risks include fashion seasonality, inventory and markdown risk, supplier concentration and consumer spending cyclicality.

Key Value Drivers

  • Brand positioning
  • Proprietary and exclusive product ranges
  • Omnichannel capability
  • Customer loyalty
  • Inventory discipline

Key Risks

  • Fashion seasonality
  • Inventory and markdown risk
  • Supplier concentration
  • Consumer spending cyclicality
  • Economic and market volatility

Real-World Transaction

Hibbett, Inc. → JD Sports Fashion plc

2024 · Fashion & Apparel Retail Business

~6.2×
~$1.109bn Enterprise ValueView Case Study

These transactions involved companies substantially larger than the $1–$50M SME benchmark and are shown for context, not direct comparison.

Disclaimer: 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.