Entromy

Exit multiples are a key metric used in company valuations - especially when calculating potential outcomes in a Value Creation Plan (VCP). These multiples, often expressed as EBITDA multiples, estimate a company’s value based on its earnings and can vary significantly by industry, company size, growth rate, and market conditions.

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When setting financial targets in Entromy’s VCP setup, you’ll be asked to enter a target EBITDA multiple. If you don’t have a specific exit multiple in mind, using an industry average is a reliable starting point.

🏷️ Exit Multiples by Industry (U.S.)

The table below shows typical EBITDA multiple ranges by industry in the U.S. These are practical references but should be used alongside client-specific context.

High-growth industries (e.g. software, healthcare tech, internet) typically show higher multiples due to scalability and innovation potential.

Stable industries (e.g. utilities, broadcasting) often have lower multiples due to slower, more predictable growth.

Actual multiples may vary based on company performance, market sentiment, and economic conditions.

- High-growth industries (e.g. software, healthcare tech, internet) typically show higher multiples due to scalability and innovation potential.
- Stable industries (e.g. utilities, broadcasting) often have lower multiples due to slower, more predictable growth.
- Actual multiples may vary based on company performance, market sentiment, and economic conditions.

Data sourced from Yahoo Finance, Bloomberg, and EQ Vista.

📊 Understanding Exit Multiples by Industry

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Industry	EBITDA Multiple Range
Advertising	15x – 20x
Aerospace & Defense	14x – 18x
Agricultural Products & Services	8x – 12x
Air Freight & Logistics	7x – 10x
Apparel Retail	12x – 16x
Application Software	30x – 40x
Asset Mgmt & Custody Banks	14x – 18x
Biotechnology	15x – 20x
Broadcasting	5x – 7x
Cable & Satellite	6x – 8x
Casinos & Gaming	9x – 12x
Commercial Printing	8x – 11x
Consumer Finance	6x – 8x
Construction & Engineering	12x – 16x
Data Center REITs	25x – 30x
Distillers & Vintners	10x – 13x
Electric Utilities	<2x
Financial Exchanges & Data	16x – 22x
Health Care Services	20x – 25x
Health Care Technology	30x – 35x
Hotels, Resorts & Cruise Lines	10x – 14x
IT Consulting & Services	17x – 20x
Interactive Media & Services	15x – 20x
Internet Services & Infrastructure	45x – 55x
Life Sciences Tools & Services	20x – 25x
Managed Health Care	14x – 18x
Oil & Gas	5x – 10x
Real Estate Services	8x – 15x
Restaurants	15x – 18x
Manufacturing	14x – 20x

📊 Understanding Exit Multiples by Industry

What Are Exit Multiples?

📌 Why It Matters

🏷️ Exit Multiples by Industry (U.S.)

📈 Notes & Best Practices