Enterprise Value Multiples by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2016

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/vebitda.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of firms EV/EBITDAR&D EV/EBITDA EV/EBIT EV/EBIT (1-t)
Advertising 44 8.87 8.94 14.56 20.68
Aerospace/Defense 92 8.11 10.33 12.76 17.87
Air Transport 20 5.78 5.80 9.71 12.07
Apparel 63 10.49 10.84 16.39 21.73
Auto & Truck 19 6.60 10.03 20.93 29.44
Auto Parts 65 5.69 7.34 10.78 14.23
Bank (Money Center) 9 NA NA NA NA
Banks (Regional) 644 NA NA NA NA
Beverage (Alcoholic) 22 19.92 19.93 24.13 33.29
Beverage (Soft) 43 15.44 15.82 19.66 27.28
Broadcasting 29 9.53 9.53 12.98 17.89
Brokerage & Investment Banking 42 NA NA NA NA
Building Materials 39 10.69 11.42 16.09 23.14
Business & Consumer Services 159 10.97 11.14 17.15 25.96
Cable TV 19 9.30 9.32 15.16 23.31
Chemical (Basic) 42 6.32 6.59 10.93 13.91
Chemical (Diversified) 9 7.50 9.10 13.62 19.09
Chemical (Specialty) 104 9.36 10.68 14.81 19.42
Coal & Related Energy 38 5.95 6.04 184.31 NA
Computer Services 118 7.10 8.27 10.89 14.18
Computers/Peripherals 64 5.82 6.97 9.03 11.69
Construction Supplies 52 7.10 8.37 12.03 16.52
Diversified 26 11.61 12.71 17.47 27.01
Drugs (Biotechnology) 411 8.45 13.60 21.02 29.16
Drugs (Pharmaceutical) 157 8.96 13.63 19.35 25.78
Education 40 6.59 6.96 16.42 26.65
Electrical Equipment 120 8.54 9.87 14.36 22.71
Electronics (Consumer & Office) 25 5.93 9.15 13.15 17.96
Electronics (General) 167 7.05 9.48 15.29 19.40
Engineering/Construction 51 7.50 7.52 13.68 19.45
Entertainment 84 10.35 10.36 13.21 18.50
Environmental & Waste Services 97 10.01 10.13 18.59 25.83
Farming/Agriculture 37 8.71 10.04 15.15 21.88
Financial Svcs. (Non-bank & Insurance) 272 NA NA NA NA
Food Processing 89 14.27 14.93 19.16 25.00
Food Wholesalers 14 10.15 10.15 14.67 22.11
Furn/Home Furnishings 30 8.86 9.97 15.03 19.52
Green & Renewable Energy 28 11.53 11.57 51.02 58.03
Healthcare Products 254 10.79 14.27 21.69 27.64
Healthcare Support Services 127 9.95 10.06 12.54 20.95
Heathcare Information and Technology 126 13.95 17.94 29.93 36.25
Homebuilding 34 13.69 13.69 14.66 21.59
Hospitals/Healthcare Facilities 58 10.68 10.69 18.39 23.77
Hotel/Gaming 73 11.79 11.89 20.05 24.97
Household Products 134 11.86 12.96 16.34 22.52
Information Services 70 14.84 15.72 19.90 27.80
Insurance (General) 20 8.26 8.27 11.97 16.52
Insurance (Life) 25 8.38 8.38 9.05 12.75
Insurance (Prop/Cas.) 53 8.53 8.53 9.54 13.27
Investments & Asset Management 145 18.10 18.35 21.27 29.51
Machinery 130 8.65 9.60 12.60 17.43
Metals & Mining 114 6.48 6.62 13.52 19.45
Office Equipment & Services 24 6.71 7.39 10.17 15.44
Oil/Gas (Integrated) 7 8.80 9.02 44.71 79.10
Oil/Gas (Production and Exploration) 351 5.58 5.59 NA NA
Oil/Gas Distribution 79 11.81 11.81 19.28 21.46
Oilfield Svcs/Equip. 143 5.61 5.77 8.87 12.50
Packaging & Container 25 9.08 9.45 14.29 19.91
Paper/Forest Products 20 9.02 9.08 15.41 22.42
Power 73 8.88 8.92 15.32 21.75
Precious Metals 113 4.62 4.76 8.68 18.07
Publshing & Newspapers 39 8.12 8.85 16.44 20.04
R.E.I.T. 221 21.45 21.46 48.19 49.89
Real Estate (Development) 21 28.57 28.57 NA NA
Real Estate (General/Diversified) 12 14.81 14.81 24.52 32.96
Real Estate (Operations & Services) 55 13.41 13.42 21.97 32.20
Recreation 65 9.16 10.42 16.55 23.24
Reinsurance 3 7.89 7.89 9.25 13.42
Restaurant/Dining 83 12.67 12.68 22.35 32.38
Retail (Automotive) 26 11.49 11.49 17.36 27.44
Retail (Building Supply) 5 13.03 13.03 17.75 27.97
Retail (Distributors) 83 10.68 10.72 13.21 19.31
Retail (General) 19 7.91 7.92 13.24 20.20
Retail (Grocery and Food) 17 8.78 8.78 20.34 31.44
Retail (Online) 39 30.58 35.07 82.85 115.16
Retail (Special Lines) 124 8.77 8.81 17.19 26.05
Rubber& Tires 4 4.53 5.17 7.65 8.13
Semiconductor 87 6.10 9.56 15.44 19.21
Semiconductor Equip 46 7.14 11.54 18.07 21.93
Shipbuilding & Marine 11 6.40 6.40 13.51 27.34
Shoe 11 17.14 17.25 23.22 29.40
Software (Entertainment) 17 9.82 17.79 23.13 27.45
Software (Internet) 308 14.99 23.81 39.05 52.22
Software (System & Application) 241 10.36 15.71 20.84 29.51
Steel 36 7.34 7.40 NA NA
Telecom (Wireless) 19 7.59 7.60 75.04 96.98
Telecom. Equipment 121 6.68 10.60 13.68 16.94
Telecom. Services 65 8.25 8.42 19.21 26.96
Tobacco 20 14.51 14.91 15.87 24.04
Transportation 21 8.84 8.85 14.86 22.56
Transportation (Railroads) 12 7.73 7.73 10.02 15.83
Trucking 26 8.23 8.23 13.98 21.49
Unclassified 3 73.06 73.06 NA NA
Utility (General) 20 9.82 9.83 16.37 22.82
Utility (Water) 18 12.03 12.05 17.60 26.37
Total Market 7480 13.08 14.74 24.30 34.04

Last Updated in January 2016
By Aswath Damodaran