Most sellers continue to receive valuations at 94% of benchmark or better. Multiples were steady or better in all but the highest value market sector.
For businesses with enterprise value of $5 million to $50 million, survey results are intriguing. Those businesses received valuations at 102% of benchmark, even as multiples declined from their peak. It’s worth noting that last year’s Q3 2021 multiple of 6.8 in this sector represented an all-time high in the 10-year history of the Market Pulse Report. The median EBITDA multiple these companies received was 5.3 last quarter (Q2 2022).
