Enterprise Value Multiples by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2017

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 41 9.01 9.02 14.10 20.35
Aerospace/Defense 96 8.69 11.26 14.69 18.88
Air Transport 18 5.60 5.62 9.35 12.64
Apparel 58 9.86 9.93 15.92 20.22
Auto & Truck 15 6.89 9.73 19.85 22.99
Auto Parts 63 5.28 6.64 9.52 13.14
Bank (Money Center) 10 NA NA NA NA
Banks (Regional) 645 NA NA NA NA
Beverage (Alcoholic) 25 18.48 18.49 22.19 31.11
Beverage (Soft) 36 15.51 15.94 19.61 25.59
Broadcasting 30 9.73 9.74 13.09 17.37
Brokerage & Investment Banking 45 NA NA NA NA
Building Materials 41 10.08 10.62 14.26 19.77
Business & Consumer Services 165 11.31 11.51 17.36 26.90
Cable TV 14 11.28 11.31 19.15 28.71
Chemical (Basic) 45 9.04 9.40 16.23 20.23
Chemical (Diversified) 8 8.58 10.38 15.61 17.83
Chemical (Specialty) 100 10.31 11.81 17.01 23.12
Coal & Related Energy 38 9.82 10.00 NA NA
Computer Services 117 8.96 10.74 15.03 17.93
Computers/Peripherals 55 7.61 9.14 11.70 15.68
Construction Supplies 51 10.28 12.28 19.23 26.02
Diversified 24 12.17 13.68 18.79 24.30
Drugs (Biotechnology) 426 7.02 11.62 19.60 27.93
Drugs (Pharmaceutical) 164 8.82 13.27 18.74 23.10
Education 36 7.88 8.41 18.50 25.88
Electrical Equipment 119 11.10 12.73 17.62 25.51
Electronics (Consumer & Office) 24 5.54 9.99 49.46 NA
Electronics (General) 164 8.35 11.57 20.14 25.92
Engineering/Construction 48 9.36 9.40 16.49 23.76
Entertainment 79 10.32 10.33 13.06 18.70
Environmental & Waste Services 89 11.10 11.11 20.16 30.35
Farming/Agriculture 37 10.94 12.81 20.83 27.54
Financial Svcs. (Non-bank & Insurance) 258 NA NA NA NA
Food Processing 87 13.12 13.64 17.37 24.44
Food Wholesalers 16 11.63 11.63 17.61 24.66
Furn/Home Furnishings 30 8.53 9.50 13.49 17.60
Green & Renewable Energy 25 12.29 12.35 44.03 57.83
Healthcare Products 254 11.43 14.87 22.91 28.73
Healthcare Support Services 121 9.36 9.48 11.84 19.11
Heathcare Information and Technology 125 13.13 16.98 27.70 33.73
Homebuilding 33 11.00 11.00 11.75 17.94
Hospitals/Healthcare Facilities 38 7.89 7.89 13.59 18.81
Hotel/Gaming 69 12.18 12.30 19.68 21.78
Household Products 129 12.46 13.55 16.99 22.84
Information Services 64 14.74 15.57 19.83 26.56
Insurance (General) 19 12.47 12.48 21.15 26.37
Insurance (Life) 22 10.02 10.02 10.71 14.21
Insurance (Prop/Cas.) 50 10.36 10.36 12.21 16.85
Investments & Asset Management 156 21.21 21.61 24.62 33.59
Machinery 127 11.23 12.61 16.58 22.05
Metals & Mining 97 11.60 11.71 43.35 62.09
Office Equipment & Services 24 7.44 8.20 11.58 16.73
Oil/Gas (Integrated) 7 17.15 17.81 NA NA
Oil/Gas (Production and Exploration) 330 16.61 16.70 NA NA
Oil/Gas Distribution 78 14.03 14.03 23.45 25.60
Oilfield Svcs/Equip. 148 12.68 13.49 41.98 59.99
Packaging & Container 26 9.50 9.80 15.49 21.03
Paper/Forest Products 23 8.53 8.62 18.53 26.48
Power 68 10.20 10.23 18.59 24.74
Precious Metals 109 7.64 7.89 20.89 57.40
Publishing & Newspapers 37 7.15 7.21 12.83 18.68
R.E.I.T. 238 20.51 20.52 45.52 47.76
Real Estate (Development) 18 21.13 21.13 82.32 175.29
Real Estate (General/Diversified) 11 19.90 19.90 29.53 36.94
Real Estate (Operations & Services) 54 11.75 11.75 19.81 29.75
Recreation 66 9.53 10.86 16.70 23.44
Reinsurance 3 9.22 9.22 10.84 15.25
Restaurant/Dining 86 12.05 12.06 21.88 31.46
Retail (Automotive) 25 11.78 11.78 18.44 28.89
Retail (Building Supply) 6 11.47 11.47 15.30 25.13
Retail (Distributors) 88 12.60 12.61 16.19 23.42
Retail (General) 19 8.19 8.19 14.93 21.93
Retail (Grocery and Food) 14 8.00 8.00 20.91 31.13
Retail (Online) 57 23.56 26.41 56.72 82.43
Retail (Special Lines) 108 8.02 8.06 15.99 23.87
Rubber& Tires 4 4.38 4.97 7.39 8.44
Semiconductor 80 7.45 11.88 18.53 22.82
Semiconductor Equip 45 7.82 12.08 16.50 19.37
Shipbuilding & Marine 11 7.38 7.38 20.86 45.82
Shoe 10 13.62 13.71 18.53 22.25
Software (Entertainment) 13 9.82 17.18 25.33 27.45
Software (Internet) 297 13.61 20.69 30.31 38.76
Software (System & Application) 236 12.06 19.28 29.13 37.27
Steel 38 10.95 11.07 151.52 NA
Telecom (Wireless) 17 7.25 7.26 54.10 79.39
Telecom. Equipment 107 7.77 11.70 15.62 19.84
Telecom. Services 67 7.06 7.17 13.94 20.86
Tobacco 22 14.81 15.20 16.06 23.87
Transportation 17 9.06 9.07 14.96 22.27
Transportation (Railroads) 7 10.20 10.20 14.24 22.15
Trucking 30 8.58 8.58 15.58 25.10
Utility (General) 18 11.55 11.57 18.79 25.89
Utility (Water) 22 13.67 13.70 20.37 30.01
Total Market 7330 14.46 16.40 27.54 37.47
Total Market (without financials) 6100 10.63 12.13 20.63 28.09

Last Updated in January 2017
By Aswath Damodaran