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 5.3x EBITDA, a meaningful jump over last year, but still down from the red hot market in Q4 2021.
![Average Multiples By Deal Size Q4 2020-2023 Average Multiples By Deal Size Q4 2020-2023](https://www.deltabusinessadvisors.com/wp-content/uploads/2024/05/2023-Q4-6-DBA-Final-824x675.jpg)