Forensic Accounting Firm — 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
4×
Typical
5.5×
Max
7×
Revenue Model
Project-based
Capital Intensity
Low
A typical multiple of 5.5× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Forensic accounting firms typically trade at 4×–7× EBITDA. Litigation support, expert witness work, fraud investigation capability, and strong legal referral networks are the primary value drivers. Professional accreditation and financial services regulatory investigation work support premium positioning. Litigation cycle dependency and expert witness liability exposure are the key risks.
Key Value Drivers
- Litigation support and expert witness work
- Fraud investigation capability
- Strong legal referral network
- Professional accreditation
- Financial services regulatory investigation work
Key Risks
- Litigation cycle dependency
- Expert witness liability exposure
- Key partner dependency
- Regulatory investigation pipeline uncertainty
- Competition from larger firms
Related Industries
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.