Mining & Quarrying 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
4×
Max
5.5×
Revenue Model
Project-based
Capital Intensity
High
A typical multiple of 4× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Mining and quarrying businesses typically trade at 2.5×–5.5× EBITDA. Mineral extraction licences, planning permission for active quarry reserves, and long-term supply agreements with construction and infrastructure clients support the upper end. Reserve depletion, environmental and planning consent risk, and commodity price sensitivity are the primary risk factors.
Key Value Drivers
- Mineral extraction licence and reserves
- Active planning permission for quarry operations
- Long-term supply agreements with construction clients
- Infrastructure and aggregates market demand
- Land restoration and afteruse planning value
Key Risks
- Reserve depletion and life of mine risk
- Environmental and planning consent complexity
- Commodity price sensitivity
- Community opposition to extraction
- Environmental restoration liability
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.