What size does to the price
Larger businesses sell at higher multiples of EBITDA. This page shows the median multiple at each deal size, for Australian deals and for all markets.
Deals updated October 2026
These are deals in our database with a published value. Each band shows how many deals stand behind it.
- Under A$10m4.0 times EBITDA, middle half 3.5 to 5.0, 50+ deals
- A$10m to A$50m6.0 times EBITDA, middle half 5.0 to 8.0, 100+ deals
- A$50m to A$250m8.0 times EBITDA, middle half 6.0 to 10.0, 200+ deals
- A$250m to A$1bn9.5 times EBITDA, middle half 7.5 to 12.0, 100+ deals
- Over A$1bn11.5 times EBITDA, middle half 9.5 to 14.0, 100+ deals
Source: deals in our database with a published value and an EBITDA multiple, from company filings, experts' reports and press reports. Medians by onestepright.
Each cell gives the median, in times EBITDA. Under it are the middle half and the number of deals.
| Deal size (A$) | Median (times EBITDA) |
|---|---|
| Under A$10m | 4.0 times EBITDA, middle half 3.5 to 5.0, 50+ deals |
| A$10m to A$50m | 6.0 times EBITDA, middle half 5.0 to 8.0, 100+ deals |
| A$50m to A$250m | 8.0 times EBITDA, middle half 6.0 to 10.0, 200+ deals |
| A$250m to A$1bn | 9.5 times EBITDA, middle half 7.5 to 12.0, 100+ deals |
| Over A$1bn | 11.5 times EBITDA, middle half 9.5 to 14.0, 100+ deals |
- Under A$10m5.0 times EBITDA, middle half 3.5 to 7.0, 100+ deals
- A$10m to A$50m6.0 times EBITDA, middle half 5.0 to 8.0, 300+ deals
- A$50m to A$250m8.0 times EBITDA, middle half 6.0 to 10.0, 700+ deals
- A$250m to A$1bn9.5 times EBITDA, middle half 7.5 to 12.0, 900+ deals
- Over A$1bn11.0 times EBITDA, middle half 8.5 to 14.0, 1,600+ deals
Source: deals in our database with a published value and an EBITDA multiple, from company filings, experts' reports and press reports. Medians by onestepright.
Each cell gives the median, in times EBITDA. Under it are the middle half and the number of deals.
| Deal size (A$) | Median (times EBITDA) |
|---|---|
| Under A$10m | 5.0 times EBITDA, middle half 3.5 to 7.0, 100+ deals |
| A$10m to A$50m | 6.0 times EBITDA, middle half 5.0 to 8.0, 300+ deals |
| A$50m to A$250m | 8.0 times EBITDA, middle half 6.0 to 10.0, 700+ deals |
| A$250m to A$1bn | 9.5 times EBITDA, middle half 7.5 to 12.0, 900+ deals |
| Over A$1bn | 11.0 times EBITDA, middle half 8.5 to 14.0, 1,600+ deals |
Private businesses against listed companies
This section covers Australian deals only.
A listed company sold for a median of 10.0 times EBITDA, and a private business for 7.0 times.
Each cell gives the median, in times EBITDA. Under it are the middle half and the number of deals.
| Deal size (A$) | Private businesses | Listed companies |
|---|---|---|
| A$10m to A$50m | 6.0 times EBITDA, middle half 5.0 to 8.0, 100+ deals | 8.5 times EBITDA, middle half 6.0 to 10.5, 10+ deals |
| A$50m to A$250m | 7.5 times EBITDA, middle half 6.0 to 9.0, 100+ deals | 8.5 times EBITDA, middle half 7.0 to 10.5, 50+ deals |
| A$250m to A$1bn | 9.0 times EBITDA, middle half 7.0 to 11.5, 50+ deals | 10.0 times EBITDA, middle half 8.0 to 13.0, 50+ deals |
| Over A$1bn | 11.0 times EBITDA, middle half 9.0 to 14.0, 50+ deals | 12.0 times EBITDA, middle half 9.5 to 14.0, 50+ deals |
Selling a business, or buying one? The deal tools work through exit value, earnings and add-backs on your own figures.