ABC Business Sales Market Intelligence Report Dec 23 - Flipbook - Page 9
GENERAL
BUSINESS
MULTIPLES
(MEDIAN)
12 Month Rolling Average
Dec-21
Dec-22
Dec-23
Dec-23 vs Dec-22
Dec-23 vs Dec-21
Managed EBITDA Median
Multiple
3.49
3.51
3.56
1%
2%
Here is what the table tells us in regard to multiples paid for NZ businesses (excluding hospitality):
•
The median EBITDA business multiple being paid for privately owned NZ businesses is currently 3.56x. The EBITDA number
is based on all the businesses being fully managed.
•
As the table shows the median multiple has stayed flat for the last there years and the market has not experienced any
material differences during this period.
Data Source Details:
•
The median was used to get an accurate measure of what is the midpoint for business multiples being paid across all
industries (excluding hospitality)
•
The data used for calculating the median multiple were all business sales in 2021-23 (~1,200 transactions) across all industries
excluding hospitality for businesses with a value range of $0-$10m
•
A salary of $120k has been removed from the reported EBITPTA to calculate a fully managed EBITDA number.