Multiples Method

For an indicative DACH mid-market valuation, this is the usual method. Here it runs in two forms. The EBITDA multiple leads. The revenue multiple sits beside it and takes over only when EBITDA is zero or negative.

The band is not copied from deal comps. It starts with Damodaran's listed-company multiple for the sector. A DACH discount we derive is applied, then size class scales the band. Three levers move the company inside it: the EBITDA trend, owner dependence and recurring revenue. The output is a company value, not what a buyer and seller later settle. Synergy premia and hidden reserves in individual assets sit outside the method. See also Multiple.