Anchored to real deal data, not a rule of thumb.
Private-market multiples are not standardised: they move with company size, sector, and market conditions, quarter by quarter. This estimator anchors to published mid-market transaction benchmarks and adjusts for the drivers buyers actually price. It does not replace a real valuation.
A size premium
Larger companies command higher multiples. Published deal data through Q3 2025 shows average multiples stepping from roughly 6.5x EBITDA for $10–25m transactions to over 8x above $50m, with sub-$10m deals roughly a full turn lower. The estimator works out your size band and starts there.
A sector spread
In the same data, healthcare services traded around 8.3x, business services around 7.5x, and manufacturing nearer 6.5x in the first half of 2025. The estimator applies your sector's premium or discount to the size base.
Driver adjustments
Recurring revenue, growth, customer concentration, owner dependence, and margin quality move the multiple around the benchmark, the way buyers actually underwrite.
The real number
Benchmarks are averages; your company is not average. A buyer sets the price in a competitive process. The LePrince Read gives you an evidence-based view of your specific number.
Benchmark sources: GF Data (an ACG company), published averages of private equity sponsored transactions of $10m to $500m total enterprise value, through Q3 2025; sector and size-tier prints as publicly reported. Benchmarks are refreshed as new quarterly data is published. Multiples are averages of completed deals and do not constitute a valuation of any specific company.
Want the number a buyer would actually pay?
The LePrince Read is our honest, confidential, evidence-based view of what your company is worth, whether it would sell, and what would change the number. Free, and yours to keep whatever you decide.