Market Multiples Dashboard
Current transaction multiples in the British Columbia market. Data is aggregated from recent sales, market reports, and active deal flow.
Average Market SDE
3.2x
Market Sentiment
Bullish (Services)
Last Updated
Current Quarter
| Industry Sector | Primary Metric | Current Multiple Range | Quarterly Trend |
|---|---|---|---|
| Gas Stations (with land) | EBITDA | 8.0x - 12.0x | +0.5x |
| Gas Stations (leasehold) | SDE | 3.5x - 5.0x | 0.0x |
| Hotels & Motels | EBITDA | 7.0x - 10.0x | +0.2x |
| Manufacturing | EBITDA | 4.0x - 6.5x | -0.3x |
| HVAC & Plumbing | SDE | 3.0x - 4.5x | +0.4x |
| Professional Practices | Revenue | 1.5x - 2.5x | 0.0x |
| Restaurants | SDE | 2.0x - 3.5x | -0.2x |
| Tech & SaaS (Micro-Cap) | SDE | 3.5x - 6.0x | +0.8x |
| Daycares & Childcare | EBITDA | 3.0x - 4.5x | +0.3x |
Understanding SDE vs EBITDA
SDE (Seller's Discretionary Earnings): Used for owner-operator businesses (typically under $1M profit). It includes the net profit plus the owner's salary, benefits, and one-time expenses.
EBITDA: Used for larger, management-run companies. It stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, representing the pure operational cash flow.
What Drives Multiples Up?
- Recurring Revenue: Subscription or contract-based income is valued higher than one-off sales.
- Management in Place: Businesses that don't rely entirely on the owner command premium multiples.
- Clean Financials: Verified tax returns and audited statements reduce buyer risk, increasing the multiple.
- Low Concentration: No single customer accounting for more than 10-15% of total revenue.