Multiples remained relatively consistent across market sectors, with one notable exception. Advisors reported that businesses with enterprise value of $5M-$50M received an average valuation of 4.1x EBITDA, a notable drop over the past few years. Notably, those sellers also received valuations at 104% of benchmark. This shows the sophistication of a well-trained M&A advisor who understands how quickly markets can shift and educates their client accordingly before going to market
![Average Multiples By Deal Size 2019-2022 Business sales multiples](https://www.deltabusinessadvisors.com/wp-content/uploads/2023/02/2023-02-27-DBA-Final@0.5x.jpg)