Swiss SME Valuation Multiples
The definitive reference for Swiss SME valuation multiples across 132 industry niches. Statutory multiples reflect the conservative Praktikermethode (Tax Circular 28) baseline. Deal multiples reflect actual transaction data from Swiss M&A activity. The arbitrage gap highlights sectors where forensic normalization unlocks the greatest hidden value.
132 industries shown
| Industry Niche | Sector | Statutory Multiple | Deal Multiple | Trend | Arbitrage Gap |
|---|---|---|---|---|---|
| Biotech & Contract Research | Life Sciences & Pharma | 7.0 - 10.0× | 9.0 - 14.0× | Rising | High |
| MedTech & Medical Devices | Healthcare | 6.0 - 9.0× | 8.0 - 14.0× | Rising | High |
| SaaS / B2B Software | Technology & Software | 7.0 - 9.5× | 7.5 - 12.5× | Rising | High |
| Fintech & WealthTech | Technology & Software | 7.0 - 9.0× | 8.0 - 12.0× | Rising | High |
| Multi-Family Offices (MFOs) | Financial Services & Advisory | 7.5 - 10.0× | 8.0 - 12.0× | Rising | High |
| Semiconductors & SEMI Equipment | MEM: High-Tech, Aerospace & Supply Chain | 6.0 - 8.5× | 8.0 - 12.0× | Rising | High |
| Pharma Manufacturing & CDMO | Life Sciences & Pharma | 6.0 - 8.0× | 8.0 - 12.0× | Rising | High |
| Elevator & Escalator Services | Building & Infrastructure | 6.5 - 8.5× | 7.5 - 11.5× | Stable | High |
| Healthcare Clinics (Group) | Healthcare | 6.0 - 8.0× | 7.5 - 11.5× | Stable | High |
| Cybersecurity Services | Technology & Software | 6.0 - 8.5× | 7.5 - 11.0× | Rising | High |
| Private Banking & Wealth Mgmt | Financial Services & Advisory | 6.0 - 8.5× | 7.5 - 11.0× | Stable | High |
| Clinical Trial Services | Life Sciences & Pharma | 6.0 - 8.0× | 7.5 - 11.0× | Rising | High |
| Space Technology | MEM: High-Tech, Aerospace & Supply Chain | 5.5 - 8.0× | 7.0 - 11.0× | Rising | Medium |
| Data & AI Services | Media & Communications | 5.5 - 8.0× | 7.0 - 10.5× | Rising | High |
| EdTech | Technology & Software | 6.0 - 8.5× | 6.5 - 10.5× | Rising | Medium |
| Payment Services & Processing | Financial Services & Advisory | 5.5 - 7.5× | 7.0 - 10.0× | Rising | High |
| Laboratory & Diagnostics | Healthcare | 5.5 - 7.5× | 7.0 - 10.0× | Rising | High |
| New Energy Systems | MEM: Energy, Environment & Infrastructure | 5.5 - 7.5× | 7.0 - 10.0× | Rising | Medium |
| Aerospace, Security & Defence | MEM: High-Tech, Aerospace & Supply Chain | 5.0 - 7.5× | 7.0 - 10.0× | Rising | Medium |
| Photonics | MEM: High-Tech, Aerospace & Supply Chain | 5.5 - 7.5× | 7.0 - 10.0× | Rising | Medium |
| Medical Manufacturing (Contract) | MEM: High-Tech, Aerospace & Supply Chain | 5.5 - 7.5× | 7.0 - 10.0× | Rising | Medium |
| Technical Distribution & Industrial Supply | Distribution & Wholesale | 5.0 - 7.0× | 7.0 - 10.0× | Rising | Medium |
| Healthcare Distribution | Distribution & Wholesale | 5.5 - 7.5× | 7.0 - 10.0× | Stable | Medium |
| Watchmaking & Luxury Components | Luxury & Heritage | 5.0 - 7.0× | 6.5 - 10.0× | Stable | Medium |
| Packaging (Medical / Pharma) | Industrial & Manufacturing | 5.5 - 7.5× | 6.5 - 9.5× | Rising | Medium |
| IT Services & Managed Services | Technology & Software | 5.0 - 7.0× | 6.5 - 9.5× | Rising | Medium |
| IoT & Embedded Systems | Technology & Software | 5.0 - 7.5× | 6.5 - 9.5× | Rising | High |
| Fire Safety & Protection | Building & Infrastructure | 5.5 - 7.5× | 6.5 - 9.5× | Rising | Medium |
| Medical Laboratory Equipment | Healthcare | 5.0 - 7.0× | 6.5 - 9.5× | Rising | Medium |
| EV Charging Infrastructure | Automotive & Mobility | 5.0 - 7.0× | 6.5 - 9.5× | Rising | High |
| Robotics & Factory Automation | MEM: Machinery & Automation | 5.0 - 7.0× | 6.5 - 9.5× | Rising | Medium |
| Testing, Inspection & Certification | Business Services | 5.0 - 7.0× | 6.5 - 9.5× | Rising | High |
| Telecom & Connectivity | Media & Communications | 5.0 - 7.0× | 6.5 - 9.5× | Stable | Medium |
| Cloud & Hosting Services | Technology & Software | 5.0 - 7.0× | 6.5 - 9.0× | Rising | Medium |
| Insurance Brokerage | Financial Services & Advisory | 5.0 - 7.0× | 6.5 - 9.0× | Stable | Medium |
| Transmission & Distribution (Power Grid) | MEM: Energy, Environment & Infrastructure | 5.0 - 7.0× | 6.5 - 9.0× | Rising | Medium |
| Lab Equipment & Instruments | Life Sciences & Pharma | 5.0 - 7.0× | 6.5 - 9.0× | Stable | Medium |
| Pharmacy & Drugstore Chains | Retail & Consumer | 5.0 - 7.0× | 6.5 - 9.0× | Stable | High |
| Precision Tooling | Industrial & Manufacturing | 4.5 - 6.5× | 6.0 - 9.0× | Rising | Medium |
| Chemicals & Specialty Chemicals | Industrial & Manufacturing | 5.0 - 7.0× | 6.0 - 9.0× | Stable | Medium |
| Logistics (Pharma / Cold Chain) | Services & Logistics | 5.0 - 7.0× | 6.0 - 9.0× | Rising | Medium |
| Additive Manufacturing (3D Printing) | MEM: Machinery & Automation | 5.0 - 7.0× | 6.0 - 9.0× | Rising | Medium |
| Security Services & Monitoring | Business Services | 4.5 - 6.5× | 6.0 - 9.0× | Rising | Medium |
| Power Engineering & Transmission | MEM: Energy, Environment & Infrastructure | 4.5 - 6.5× | 6.0 - 8.5× | Stable | Medium |
| Environmental Technology | MEM: Energy, Environment & Infrastructure | 4.5 - 6.5× | 6.0 - 8.5× | Rising | Medium |
| Commercial Infrastructure (Mobility) | MEM: Energy, Environment & Infrastructure | 4.5 - 6.5× | 6.0 - 8.5× | Stable | Medium |
| Luxury Hospitality & Chalets | Luxury & Heritage | 4.0 - 6.5× | 5.5 - 9.0× | Rising | Medium |
| Custom Software Development | Media & Communications | 4.5 - 6.5× | 6.0 - 8.5× | Rising | Medium |
| HVAC (Heat Pump / Green Energy) | Building & Infrastructure | 4.0 - 6.0× | 5.5 - 8.5× | Rising | Medium |
| Solar & Renewable Installation | Building & Infrastructure | 4.0 - 6.0× | 5.5 - 8.5× | Rising | Medium |
| Integrated Facility Management (IFM) | Services & Logistics | 3.5 - 5.5× | 5.5 - 8.5× | Rising | Medium |
| Veterinary & Pet Services | Healthcare | 4.0 - 6.0× | 5.5 - 8.5× | Rising | Medium |
| Machine Tool Manufacturers | MEM: Machinery & Automation | 4.0 - 6.0× | 5.5 - 8.5× | Stable | Medium |
| Pension Fund Advisory (BVG) | Financial Services & Advisory | 4.0 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Fleet Management & Leasing | Automotive & Mobility | 4.0 - 6.0× | 5.5 - 8.0× | Rising | Medium |
| Intralogistics & Packaging Machinery | MEM: Machinery & Automation | 4.5 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Process Engineering Equipment | MEM: High-Tech, Aerospace & Supply Chain | 4.0 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Staffing & Recruitment | Business Services | 4.0 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Real Estate Services | Business Services | 4.0 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Payroll & HR Services | Business Services | 4.0 - 6.0× | 5.5 - 8.0× | Rising | Medium |
| Nutraceuticals & Supplements | Life Sciences & Pharma | 4.0 - 6.0× | 5.5 - 8.0× | Rising | Medium |
| Chocolate & Confectionery | Luxury & Heritage | 4.0 - 6.0× | 5.5 - 8.0× | Stable | Medium |
| Electronic Mfg Services (EMS) | Industrial & Manufacturing | 4.0 - 6.0× | 5.5 - 7.5× | Stable | Medium |
| Food & Beverage Manufacturing | Industrial & Manufacturing | 4.0 - 6.0× | 5.0 - 8.0× | Stable | Medium |
| E-commerce & Online Retail | Technology & Software | 4.0 - 6.0× | 5.0 - 8.0× | Stable | Medium |
| Independent Asset Managers | Financial Services & Advisory | 4.5 - 6.0× | 5.0 - 8.0× | Rising | Medium |
| M&A & Corporate Advisory | Financial Services & Advisory | 4.0 - 6.0× | 5.0 - 8.0× | Stable | Medium |
| Engineering & Technical Services | Services & Logistics | 4.0 - 6.0× | 5.0 - 8.0× | Stable | Medium |
| Waste Management & Recycling | Services & Logistics | 4.0 - 6.0× | 5.0 - 8.0× | Rising | Medium |
| Pump Technology | MEM: Energy, Environment & Infrastructure | 4.0 - 6.0× | 5.5 - 7.5× | Stable | Medium |
| Education & Training | Business Services | 4.0 - 6.0× | 5.0 - 8.0× | Rising | Medium |
| Electrical Installation | Building & Infrastructure | 3.5 - 5.5× | 5.0 - 7.5× | Rising | Medium |
| Plastics Machinery | MEM: Machinery & Automation | 4.0 - 5.5× | 5.0 - 7.5× | Stable | Medium |
| Fluid Technology (Hydraulic & Pneumatic) | MEM: Energy, Environment & Infrastructure | 4.0 - 5.5× | 5.0 - 7.5× | Stable | Medium |
| Automotive Supply Chain (Tier 1/2/3) | MEM: High-Tech, Aerospace & Supply Chain | 3.5 - 5.5× | 5.0 - 7.5× | Stable | Medium |
| Electrical & Electronics Wholesale | Distribution & Wholesale | 4.0 - 5.5× | 5.0 - 7.5× | Stable | Medium |
| Management Consulting | Business Services | 4.0 - 6.0× | 5.0 - 7.5× | Stable | Medium |
| Elderly Care & Home Services | Personal Services & Care | 3.5 - 5.5× | 5.0 - 7.5× | Rising | Medium |
| Debt Collection & Credit Mgmt | Business Services | 4.0 - 5.5× | 5.0 - 7.0× | Stable | Medium |
| Digital Marketing & Agencies | Technology & Software | 3.5 - 5.5× | 4.5 - 7.0× | Stable | Medium |
| Construction & Building | Building & Infrastructure | 3.0 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Legal Services & Law Firms | Financial Services & Advisory | 3.5 - 5.5× | 4.5 - 7.0× | Stable | Medium |
| Accounting & Audit Firms | Financial Services & Advisory | 3.5 - 5.5× | 4.5 - 7.0× | Stable | Medium |
| Warehousing & Storage | Services & Logistics | 3.5 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Home Healthcare & Nursing | Healthcare | 3.0 - 5.0× | 4.5 - 7.0× | Rising | Medium |
| Die & Mould Industry | MEM: Machinery & Automation | 3.5 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Building Materials & Supply | Distribution & Wholesale | 3.5 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Food & Beverage Distribution | Distribution & Wholesale | 3.5 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Optician & Hearing Services | Retail & Consumer | 3.5 - 5.0× | 4.5 - 7.0× | Stable | Medium |
| Fiduciary & Tax Services | Financial Services & Advisory | 4.0 - 6.0× | 4.5 - 6.5× | Stable | Low |
| Hospitality & Hotels | Services & Logistics | 3.0 - 5.0× | 4.0 - 7.0× | Stable | Medium |
| Textile Machinery | MEM: Machinery & Automation | 3.5 - 5.0× | 4.5 - 6.5× | Stable | Medium |
| Welding Technology | MEM: Machinery & Automation | 3.5 - 5.0× | 4.5 - 6.5× | Stable | Medium |
| Wine & Viticulture | Luxury & Heritage | 3.0 - 5.0× | 4.0 - 7.0× | Stable | Medium |
| Agriculture & AgriTech | Industrial & Manufacturing | 3.0 - 5.0× | 4.0 - 6.5× | Stable | Medium |
| Plumbing & Sanitary Installation | Building & Infrastructure | 3.0 - 4.5× | 4.0 - 6.5× | Stable | Medium |
| Architecture & Planning | Building & Infrastructure | 3.0 - 5.0× | 4.0 - 6.5× | Stable | Medium |
| Dental Practices | Healthcare | 3.0 - 5.0× | 4.0 - 6.5× | Stable | Medium |
| Cleaning & Commercial Services | Business Services | 3.0 - 4.5× | 4.0 - 6.5× | Stable | Medium |
| Jewelry & Goldsmith | Luxury & Heritage | 3.0 - 5.0× | 4.0 - 6.5× | Stable | Medium |
| Spa, Wellness & Thermal Baths | Tourism & Gastronomy | 3.0 - 5.0× | 4.0 - 6.5× | Rising | Medium |
| PR & Corporate Communications | Media & Communications | 3.0 - 5.0× | 4.0 - 6.5× | Stable | Medium |
| General Machining / Manufacturing | Industrial & Manufacturing | 3.0 - 4.0× | 4.0 - 6.0× | Stable | Medium |
| Roofing & Facade Systems | Building & Infrastructure | 3.0 - 4.5× | 4.0 - 6.0× | Rising | Medium |
| Courier & Last-Mile Delivery | Services & Logistics | 3.0 - 4.5× | 4.0 - 6.0× | Rising | Medium |
| Internal Combustion Engines | MEM: Energy, Environment & Infrastructure | 3.0 - 4.5× | 4.0 - 6.0× | Declining | Low |
| Automotive Parts Distribution | Distribution & Wholesale | 3.0 - 4.5× | 4.0 - 6.0× | Stable | Medium |
| HoReCa & Gastro Distribution | Distribution & Wholesale | 3.0 - 4.5× | 4.0 - 6.0× | Stable | Medium |
| Funeral Services & Cremation | Personal Services & Care | 3.0 - 4.5× | 4.0 - 6.0× | Stable | Medium |
| Childcare & Daycare Centers | Personal Services & Care | 2.5 - 4.0× | 3.5 - 6.0× | Rising | Medium |
| Metal Fabrication & Steelwork | Industrial & Manufacturing | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Medium |
| Transport & Freight | Services & Logistics | 2.5 - 3.5× | 3.5 - 5.5× | Stable | Low |
| Translation & Localization | Services & Logistics | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Medium |
| Physiotherapy & Rehabilitation | Healthcare | 2.5 - 4.0× | 3.5 - 5.5× | Rising | Medium |
| Automotive Services & Workshops | Automotive & Mobility | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Low |
| Specialty Retail & Franchise | Retail & Consumer | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Medium |
| Tourism Operators & Travel | Tourism & Gastronomy | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Medium |
| Event Management & MICE | Tourism & Gastronomy | 2.5 - 4.0× | 3.5 - 5.5× | Stable | Medium |
| Fitness Studios & Gyms | Personal Services & Care | 2.5 - 4.0× | 3.5 - 5.5× | Rising | Medium |
| Printing & Graphic Arts | Industrial & Manufacturing | 2.5 - 3.5× | 3.0 - 5.0× | Declining | Low |
| Woodworking & Carpentry | Industrial & Manufacturing | 2.0 - 3.5× | 3.0 - 5.0× | Stable | Medium |
| Landscaping & Green Spaces | Building & Infrastructure | 2.5 - 3.5× | 3.0 - 5.0× | Stable | Low |
| Healthcare Practice (Single) | Healthcare | 2.5 - 3.5× | 3.0 - 5.0× | Stable | Low |
| Car Dealerships & Showrooms | Automotive & Mobility | 2.0 - 3.5× | 3.0 - 5.0× | Declining | Medium |
| Furniture & Interior Design | Retail & Consumer | 2.5 - 3.5× | 3.0 - 5.0× | Stable | Low |
| Garden Centers & Nurseries | Retail & Consumer | 2.0 - 3.5× | 3.0 - 5.0× | Stable | Medium |
| Restaurants & Catering | Tourism & Gastronomy | 2.0 - 3.5× | 3.0 - 5.0× | Stable | Medium |
| Publishing & Media Houses | Media & Communications | 2.0 - 3.5× | 3.0 - 5.0× | Declining | Medium |
| Painting & Surface Coating | Building & Infrastructure | 2.0 - 3.0× | 2.5 - 4.5× | Stable | Low |
| Bakeries & Confectionery | Tourism & Gastronomy | 2.0 - 3.0× | 2.5 - 4.5× | Declining | Low |
| Psychology & Psychotherapy | Healthcare | 2.0 - 3.0× | 2.5 - 4.0× | Rising | Low |
| Beauty Salons & Hair Studios | Personal Services & Care | 1.5 - 2.5× | 2.0 - 3.5× | Stable | Low |
Biotech & Contract Research
RisingLife Sciences & Pharma
Statutory7.0 - 10.0×
Deal9.0 - 14.0×
ArbitrageHigh
MedTech & Medical Devices
RisingHealthcare
Statutory6.0 - 9.0×
Deal8.0 - 14.0×
ArbitrageHigh
SaaS / B2B Software
RisingTechnology & Software
Statutory7.0 - 9.5×
Deal7.5 - 12.5×
ArbitrageHigh
Fintech & WealthTech
RisingTechnology & Software
Statutory7.0 - 9.0×
Deal8.0 - 12.0×
ArbitrageHigh
Multi-Family Offices (MFOs)
RisingFinancial Services & Advisory
Statutory7.5 - 10.0×
Deal8.0 - 12.0×
ArbitrageHigh
Semiconductors & SEMI Equipment
RisingMEM: High-Tech, Aerospace & Supply Chain
Statutory6.0 - 8.5×
Deal8.0 - 12.0×
ArbitrageHigh
Pharma Manufacturing & CDMO
RisingLife Sciences & Pharma
Statutory6.0 - 8.0×
Deal8.0 - 12.0×
ArbitrageHigh
Elevator & Escalator Services
StableBuilding & Infrastructure
Statutory6.5 - 8.5×
Deal7.5 - 11.5×
ArbitrageHigh
Healthcare Clinics (Group)
StableHealthcare
Statutory6.0 - 8.0×
Deal7.5 - 11.5×
ArbitrageHigh
Cybersecurity Services
RisingTechnology & Software
Statutory6.0 - 8.5×
Deal7.5 - 11.0×
ArbitrageHigh
Private Banking & Wealth Mgmt
StableFinancial Services & Advisory
Statutory6.0 - 8.5×
Deal7.5 - 11.0×
ArbitrageHigh
Clinical Trial Services
RisingLife Sciences & Pharma
Statutory6.0 - 8.0×
Deal7.5 - 11.0×
ArbitrageHigh
Space Technology
RisingMEM: High-Tech, Aerospace & Supply Chain
Statutory5.5 - 8.0×
Deal7.0 - 11.0×
ArbitrageMedium
Data & AI Services
RisingMedia & Communications
Statutory5.5 - 8.0×
Deal7.0 - 10.5×
ArbitrageHigh
EdTech
RisingTechnology & Software
Statutory6.0 - 8.5×
Deal6.5 - 10.5×
ArbitrageMedium
Payment Services & Processing
RisingFinancial Services & Advisory
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageHigh
Laboratory & Diagnostics
RisingHealthcare
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageHigh
New Energy Systems
RisingMEM: Energy, Environment & Infrastructure
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageMedium
Aerospace, Security & Defence
RisingMEM: High-Tech, Aerospace & Supply Chain
Statutory5.0 - 7.5×
Deal7.0 - 10.0×
ArbitrageMedium
Photonics
RisingMEM: High-Tech, Aerospace & Supply Chain
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageMedium
Medical Manufacturing (Contract)
RisingMEM: High-Tech, Aerospace & Supply Chain
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageMedium
Technical Distribution & Industrial Supply
RisingDistribution & Wholesale
Statutory5.0 - 7.0×
Deal7.0 - 10.0×
ArbitrageMedium
Healthcare Distribution
StableDistribution & Wholesale
Statutory5.5 - 7.5×
Deal7.0 - 10.0×
ArbitrageMedium
Watchmaking & Luxury Components
StableLuxury & Heritage
Statutory5.0 - 7.0×
Deal6.5 - 10.0×
ArbitrageMedium
Packaging (Medical / Pharma)
RisingIndustrial & Manufacturing
Statutory5.5 - 7.5×
Deal6.5 - 9.5×
ArbitrageMedium
IT Services & Managed Services
RisingTechnology & Software
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageMedium
IoT & Embedded Systems
RisingTechnology & Software
Statutory5.0 - 7.5×
Deal6.5 - 9.5×
ArbitrageHigh
Fire Safety & Protection
RisingBuilding & Infrastructure
Statutory5.5 - 7.5×
Deal6.5 - 9.5×
ArbitrageMedium
Medical Laboratory Equipment
RisingHealthcare
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageMedium
EV Charging Infrastructure
RisingAutomotive & Mobility
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageHigh
Robotics & Factory Automation
RisingMEM: Machinery & Automation
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageMedium
Testing, Inspection & Certification
RisingBusiness Services
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageHigh
Telecom & Connectivity
StableMedia & Communications
Statutory5.0 - 7.0×
Deal6.5 - 9.5×
ArbitrageMedium
Cloud & Hosting Services
RisingTechnology & Software
Statutory5.0 - 7.0×
Deal6.5 - 9.0×
ArbitrageMedium
Insurance Brokerage
StableFinancial Services & Advisory
Statutory5.0 - 7.0×
Deal6.5 - 9.0×
ArbitrageMedium
Transmission & Distribution (Power Grid)
RisingMEM: Energy, Environment & Infrastructure
Statutory5.0 - 7.0×
Deal6.5 - 9.0×
ArbitrageMedium
Lab Equipment & Instruments
StableLife Sciences & Pharma
Statutory5.0 - 7.0×
Deal6.5 - 9.0×
ArbitrageMedium
Pharmacy & Drugstore Chains
StableRetail & Consumer
Statutory5.0 - 7.0×
Deal6.5 - 9.0×
ArbitrageHigh
Precision Tooling
RisingIndustrial & Manufacturing
Statutory4.5 - 6.5×
Deal6.0 - 9.0×
ArbitrageMedium
Chemicals & Specialty Chemicals
StableIndustrial & Manufacturing
Statutory5.0 - 7.0×
Deal6.0 - 9.0×
ArbitrageMedium
Logistics (Pharma / Cold Chain)
RisingServices & Logistics
Statutory5.0 - 7.0×
Deal6.0 - 9.0×
ArbitrageMedium
Additive Manufacturing (3D Printing)
RisingMEM: Machinery & Automation
Statutory5.0 - 7.0×
Deal6.0 - 9.0×
ArbitrageMedium
Security Services & Monitoring
RisingBusiness Services
Statutory4.5 - 6.5×
Deal6.0 - 9.0×
ArbitrageMedium
Power Engineering & Transmission
StableMEM: Energy, Environment & Infrastructure
Statutory4.5 - 6.5×
Deal6.0 - 8.5×
ArbitrageMedium
Environmental Technology
RisingMEM: Energy, Environment & Infrastructure
Statutory4.5 - 6.5×
Deal6.0 - 8.5×
ArbitrageMedium
Commercial Infrastructure (Mobility)
StableMEM: Energy, Environment & Infrastructure
Statutory4.5 - 6.5×
Deal6.0 - 8.5×
ArbitrageMedium
Luxury Hospitality & Chalets
RisingLuxury & Heritage
Statutory4.0 - 6.5×
Deal5.5 - 9.0×
ArbitrageMedium
Custom Software Development
RisingMedia & Communications
Statutory4.5 - 6.5×
Deal6.0 - 8.5×
ArbitrageMedium
HVAC (Heat Pump / Green Energy)
RisingBuilding & Infrastructure
Statutory4.0 - 6.0×
Deal5.5 - 8.5×
ArbitrageMedium
Solar & Renewable Installation
RisingBuilding & Infrastructure
Statutory4.0 - 6.0×
Deal5.5 - 8.5×
ArbitrageMedium
Integrated Facility Management (IFM)
RisingServices & Logistics
Statutory3.5 - 5.5×
Deal5.5 - 8.5×
ArbitrageMedium
Veterinary & Pet Services
RisingHealthcare
Statutory4.0 - 6.0×
Deal5.5 - 8.5×
ArbitrageMedium
Machine Tool Manufacturers
StableMEM: Machinery & Automation
Statutory4.0 - 6.0×
Deal5.5 - 8.5×
ArbitrageMedium
Pension Fund Advisory (BVG)
StableFinancial Services & Advisory
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Fleet Management & Leasing
RisingAutomotive & Mobility
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Intralogistics & Packaging Machinery
StableMEM: Machinery & Automation
Statutory4.5 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Process Engineering Equipment
StableMEM: High-Tech, Aerospace & Supply Chain
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Staffing & Recruitment
StableBusiness Services
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Real Estate Services
StableBusiness Services
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Payroll & HR Services
RisingBusiness Services
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Nutraceuticals & Supplements
RisingLife Sciences & Pharma
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Chocolate & Confectionery
StableLuxury & Heritage
Statutory4.0 - 6.0×
Deal5.5 - 8.0×
ArbitrageMedium
Electronic Mfg Services (EMS)
StableIndustrial & Manufacturing
Statutory4.0 - 6.0×
Deal5.5 - 7.5×
ArbitrageMedium
Food & Beverage Manufacturing
StableIndustrial & Manufacturing
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
E-commerce & Online Retail
StableTechnology & Software
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
Independent Asset Managers
RisingFinancial Services & Advisory
Statutory4.5 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
M&A & Corporate Advisory
StableFinancial Services & Advisory
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
Engineering & Technical Services
StableServices & Logistics
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
Waste Management & Recycling
RisingServices & Logistics
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
Pump Technology
StableMEM: Energy, Environment & Infrastructure
Statutory4.0 - 6.0×
Deal5.5 - 7.5×
ArbitrageMedium
Education & Training
RisingBusiness Services
Statutory4.0 - 6.0×
Deal5.0 - 8.0×
ArbitrageMedium
Electrical Installation
RisingBuilding & Infrastructure
Statutory3.5 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Plastics Machinery
StableMEM: Machinery & Automation
Statutory4.0 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Fluid Technology (Hydraulic & Pneumatic)
StableMEM: Energy, Environment & Infrastructure
Statutory4.0 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Automotive Supply Chain (Tier 1/2/3)
StableMEM: High-Tech, Aerospace & Supply Chain
Statutory3.5 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Electrical & Electronics Wholesale
StableDistribution & Wholesale
Statutory4.0 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Management Consulting
StableBusiness Services
Statutory4.0 - 6.0×
Deal5.0 - 7.5×
ArbitrageMedium
Elderly Care & Home Services
RisingPersonal Services & Care
Statutory3.5 - 5.5×
Deal5.0 - 7.5×
ArbitrageMedium
Debt Collection & Credit Mgmt
StableBusiness Services
Statutory4.0 - 5.5×
Deal5.0 - 7.0×
ArbitrageMedium
Digital Marketing & Agencies
StableTechnology & Software
Statutory3.5 - 5.5×
Deal4.5 - 7.0×
ArbitrageMedium
Construction & Building
StableBuilding & Infrastructure
Statutory3.0 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Legal Services & Law Firms
StableFinancial Services & Advisory
Statutory3.5 - 5.5×
Deal4.5 - 7.0×
ArbitrageMedium
Accounting & Audit Firms
StableFinancial Services & Advisory
Statutory3.5 - 5.5×
Deal4.5 - 7.0×
ArbitrageMedium
Warehousing & Storage
StableServices & Logistics
Statutory3.5 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Home Healthcare & Nursing
RisingHealthcare
Statutory3.0 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Die & Mould Industry
StableMEM: Machinery & Automation
Statutory3.5 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Building Materials & Supply
StableDistribution & Wholesale
Statutory3.5 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Food & Beverage Distribution
StableDistribution & Wholesale
Statutory3.5 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Optician & Hearing Services
StableRetail & Consumer
Statutory3.5 - 5.0×
Deal4.5 - 7.0×
ArbitrageMedium
Fiduciary & Tax Services
StableFinancial Services & Advisory
Statutory4.0 - 6.0×
Deal4.5 - 6.5×
ArbitrageLow
Hospitality & Hotels
StableServices & Logistics
Statutory3.0 - 5.0×
Deal4.0 - 7.0×
ArbitrageMedium
Textile Machinery
StableMEM: Machinery & Automation
Statutory3.5 - 5.0×
Deal4.5 - 6.5×
ArbitrageMedium
Welding Technology
StableMEM: Machinery & Automation
Statutory3.5 - 5.0×
Deal4.5 - 6.5×
ArbitrageMedium
Wine & Viticulture
StableLuxury & Heritage
Statutory3.0 - 5.0×
Deal4.0 - 7.0×
ArbitrageMedium
Agriculture & AgriTech
StableIndustrial & Manufacturing
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
Plumbing & Sanitary Installation
StableBuilding & Infrastructure
Statutory3.0 - 4.5×
Deal4.0 - 6.5×
ArbitrageMedium
Architecture & Planning
StableBuilding & Infrastructure
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
Dental Practices
StableHealthcare
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
Cleaning & Commercial Services
StableBusiness Services
Statutory3.0 - 4.5×
Deal4.0 - 6.5×
ArbitrageMedium
Jewelry & Goldsmith
StableLuxury & Heritage
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
Spa, Wellness & Thermal Baths
RisingTourism & Gastronomy
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
PR & Corporate Communications
StableMedia & Communications
Statutory3.0 - 5.0×
Deal4.0 - 6.5×
ArbitrageMedium
General Machining / Manufacturing
StableIndustrial & Manufacturing
Statutory3.0 - 4.0×
Deal4.0 - 6.0×
ArbitrageMedium
Roofing & Facade Systems
RisingBuilding & Infrastructure
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageMedium
Courier & Last-Mile Delivery
RisingServices & Logistics
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageMedium
Internal Combustion Engines
DecliningMEM: Energy, Environment & Infrastructure
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageLow
Automotive Parts Distribution
StableDistribution & Wholesale
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageMedium
HoReCa & Gastro Distribution
StableDistribution & Wholesale
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageMedium
Funeral Services & Cremation
StablePersonal Services & Care
Statutory3.0 - 4.5×
Deal4.0 - 6.0×
ArbitrageMedium
Childcare & Daycare Centers
RisingPersonal Services & Care
Statutory2.5 - 4.0×
Deal3.5 - 6.0×
ArbitrageMedium
Metal Fabrication & Steelwork
StableIndustrial & Manufacturing
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Transport & Freight
StableServices & Logistics
Statutory2.5 - 3.5×
Deal3.5 - 5.5×
ArbitrageLow
Translation & Localization
StableServices & Logistics
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Physiotherapy & Rehabilitation
RisingHealthcare
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Automotive Services & Workshops
StableAutomotive & Mobility
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageLow
Specialty Retail & Franchise
StableRetail & Consumer
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Tourism Operators & Travel
StableTourism & Gastronomy
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Event Management & MICE
StableTourism & Gastronomy
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Fitness Studios & Gyms
RisingPersonal Services & Care
Statutory2.5 - 4.0×
Deal3.5 - 5.5×
ArbitrageMedium
Printing & Graphic Arts
DecliningIndustrial & Manufacturing
Statutory2.5 - 3.5×
Deal3.0 - 5.0×
ArbitrageLow
Woodworking & Carpentry
StableIndustrial & Manufacturing
Statutory2.0 - 3.5×
Deal3.0 - 5.0×
ArbitrageMedium
Landscaping & Green Spaces
StableBuilding & Infrastructure
Statutory2.5 - 3.5×
Deal3.0 - 5.0×
ArbitrageLow
Healthcare Practice (Single)
StableHealthcare
Statutory2.5 - 3.5×
Deal3.0 - 5.0×
ArbitrageLow
Car Dealerships & Showrooms
DecliningAutomotive & Mobility
Statutory2.0 - 3.5×
Deal3.0 - 5.0×
ArbitrageMedium
Furniture & Interior Design
StableRetail & Consumer
Statutory2.5 - 3.5×
Deal3.0 - 5.0×
ArbitrageLow
Garden Centers & Nurseries
StableRetail & Consumer
Statutory2.0 - 3.5×
Deal3.0 - 5.0×
ArbitrageMedium
Restaurants & Catering
StableTourism & Gastronomy
Statutory2.0 - 3.5×
Deal3.0 - 5.0×
ArbitrageMedium
Publishing & Media Houses
DecliningMedia & Communications
Statutory2.0 - 3.5×
Deal3.0 - 5.0×
ArbitrageMedium
Painting & Surface Coating
StableBuilding & Infrastructure
Statutory2.0 - 3.0×
Deal2.5 - 4.5×
ArbitrageLow
Bakeries & Confectionery
DecliningTourism & Gastronomy
Statutory2.0 - 3.0×
Deal2.5 - 4.5×
ArbitrageLow
Psychology & Psychotherapy
RisingHealthcare
Statutory2.0 - 3.0×
Deal2.5 - 4.0×
ArbitrageLow
Beauty Salons & Hair Studios
StablePersonal Services & Care
Statutory1.5 - 2.5×
Deal2.0 - 3.5×
ArbitrageLow
Source: ValIndex™ analysis based on Dealsuite DACH, PwC, EY, KPMG M&A reports, BFS/STATENT, and EXPERTsuisse standards. Updated February 2026. Multiples are indicative ranges based on market research and should not be used as the sole basis for investment decisions. Actual transaction multiples vary significantly by company-specific factors including size, growth, profitability, customer concentration, and market conditions.
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