Enterprise Value Multiples by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2015

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 Number of firms EV/EBITDAR&D EV/EBITDA EV/EBIT EV/EBIT (1-t)
Advertising 52 9.66 9.76 17.20 25.31
Aerospace/Defense 93 8.16 10.35 12.93 17.91
Air Transport 22 8.06 8.09 22.22 26.05
Apparel 64 12.03 12.39 18.49 25.66
Auto & Truck 22 8.70 14.53 41.13 44.72
Auto Parts 75 6.45 8.16 12.14 16.41
Bank (Money Center) 13 NA NA NA NA
Banks (Regional) 676 NA NA NA NA
Beverage (Alcoholic) 22 17.31 17.32 21.29 29.29
Beverage (Soft) 46 13.95 14.26 17.63 23.33
Broadcasting 28 10.68 10.68 14.96 20.79
Brokerage & Investment Banking 46 NA NA NA NA
Building Materials 39 11.08 11.81 17.60 21.64
Business & Consumer Services 177 10.00 10.16 16.03 24.72
Cable TV 18 9.19 9.20 14.82 22.48
Chemical (Basic) 46 6.28 6.48 9.41 13.79
Chemical (Diversified) 10 7.82 9.56 14.24 19.06
Chemical (Specialty) 103 10.36 11.85 16.16 21.96
Coal & Related Energy 42 8.55 8.91 66.81 68.45
Computer Services 119 7.14 8.39 10.79 13.55
Computers/Peripherals 64 8.32 10.00 12.64 16.92
Construction Supplies 55 8.80 10.34 14.88 21.01
Diversified 23 12.76 14.03 19.46 24.79
Drugs (Biotechnology) 400 10.75 19.06 36.39 53.26
Drugs (Pharmaceutical) 151 9.45 13.58 18.79 23.41
Education 42 7.21 7.56 20.14 30.07
Electrical Equipment 126 8.91 10.15 13.74 20.61
Electronics (Consumer & Office) 28 12.05 19.55 28.49 38.22
Electronics (General) 189 8.26 11.02 18.02 24.00
Engineering/Construction 56 7.58 7.60 12.08 18.26
Entertainment 84 11.69 11.71 15.79 22.07
Environmental & Waste Services 103 9.96 9.97 17.17 29.25
Farming/Agriculture 37 8.52 9.65 13.28 19.53
Financial Svcs. (Non-bank & Insurance) 288 NA NA NA NA
Food Processing 96 11.38 11.91 15.08 21.37
Food Wholesalers 14 11.21 11.21 15.60 24.77
Furn/Home Furnishings 27 9.08 10.36 15.42 19.71
Green & Renewable Energy 26 14.31 14.32 52.03 79.72
Healthcare Products 261 11.00 14.49 21.06 28.22
Healthcare Support Services 138 10.35 10.49 13.43 21.78
Heathcare Information and Technology 127 13.56 17.57 29.77 38.68
Homebuilding 35 14.43 14.44 15.59 22.07
Hospitals/Healthcare Facilities 56 12.24 12.24 21.01 26.09
Hotel/Gaming 80 12.81 12.97 22.56 26.29
Household Products 135 11.77 12.80 16.13 22.35
Information Services 67 13.35 14.07 17.69 25.25
Insurance (General) 24 8.22 8.23 11.12 14.71
Insurance (Life) 25 9.79 9.79 10.67 14.26
Insurance (Prop/Cas.) 52 8.59 8.59 9.37 13.10
Investments & Asset Management 148 20.53 20.79 24.69 33.08
Machinery 137 9.44 10.46 13.56 19.04
Metals & Mining 124 6.37 6.47 11.12 15.55
Office Equipment & Services 25 8.06 8.91 12.77 18.85
Oil/Gas (Integrated) 8 5.82 5.90 9.30 14.85
Oil/Gas (Production and Exploration) 392 5.08 5.09 10.87 17.05
Oil/Gas Distribution 85 16.03 16.03 25.03 28.71
Oilfield Svcs/Equip. 161 6.66 6.92 10.39 14.46
Packaging & Container 26 8.72 9.09 13.78 18.65
Paper/Forest Products 22 8.99 9.05 14.93 16.15
Power 82 9.86 9.89 18.14 26.01
Precious Metals 147 5.85 6.11 30.13 35.34
Publshing & Newspapers 43 8.95 9.57 17.17 24.51
R.E.I.T. 213 22.66 22.67 51.90 52.75
Real Estate (Development) 18 27.76 27.76 55.29 92.28
Real Estate (General/Diversified) 11 8.23 8.23 9.17 11.37
Real Estate (Operations & Services) 52 14.86 14.86 23.74 29.03
Recreation 68 9.25 10.41 16.36 21.01
Reinsurance 4 6.71 6.71 7.72 11.28
Restaurant/Dining 79 11.83 11.86 21.68 31.90
Retail (Automotive) 30 12.58 12.58 20.53 32.95
Retail (Building Supply) 5 12.41 12.41 17.67 28.04
Retail (Distributors) 90 12.18 12.23 15.02 23.08
Retail (General) 23 9.56 9.57 16.57 25.95
Retail (Grocery and Food) 21 9.19 9.19 27.44 43.08
Retail (Online) 46 21.37 24.51 59.62 77.98
Retail (Special Lines) 128 9.37 9.40 20.41 31.44
Rubber& Tires 4 4.65 5.31 8.40 10.89
Semiconductor 100 6.43 10.29 15.89 20.25
Semiconductor Equip 47 7.20 12.21 21.57 28.41
Shipbuilding & Marine 14 9.44 9.44 19.50 32.38
Shoe 13 15.07 15.17 20.26 26.78
Software (Entertainment) 20 6.76 13.11 18.19 21.33
Software (Internet) 327 14.15 21.10 33.76 49.02
Software (System & Application) 259 9.65 14.32 18.41 24.10
Steel 40 8.56 8.63 16.14 21.00
Telecom (Wireless) 21 7.76 7.79 120.94 126.82
Telecom. Equipment 126 7.52 12.01 15.86 19.75
Telecom. Services 77 5.95 6.03 10.53 15.22
Tobacco 20 11.28 11.55 12.24 18.15
Transportation 21 10.62 10.64 18.25 28.33
Transportation (Railroads) 10 10.51 10.51 13.98 22.17
Trucking 30 9.97 9.97 16.70 27.70
Unclassified 8 33.81 114.72 NA NA
Utility (General) 21 10.57 10.58 17.81 25.85
Utility (Water) 19 11.36 11.38 16.70 25.05
Total Market 7887 13.18 14.73 22.80 31.54

 



Last Updated in January 2015
By Aswath Damodaran