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Valuation benchmark
Valuation multiples by sector (EBITDA).
Reference EBITDA multiple ranges and medians in Spain, by sector. They are an indicative starting point for estimating the value of a company before a professional valuation.
| Sector | Range (x EBITDA) | Median | Key trait |
|---|---|---|---|
| Technology | 5.15x - 7.75x | 6.4x | Recurring revenue and scalability lift the multiple |
| Healthcare | 4.95x - 7.55x | 6.2x | Stable demand and revenue visibility |
| Professional advisory firms | 3x - 9.35x | 6.15x | Tier-based valuation by size and recurrence |
| Environment | 4.8x - 7.4x | 6.05x | Regulatory tailwinds and structural growth |
| Energy | 4.75x - 7.35x | 6x | Long-term contracts |
| Security | 4.7x - 7.3x | 5.95x | Recurring contract revenue |
| Logistics | 4.6x - 7.2x | 5.85x | Scale and network density |
| Industrial | 4.5x - 7.1x | 5.75x | Mid-market benchmark |
| Food | 4.4x - 7x | 5.65x | Volume with tight margins |
| Retail & Consumer | 4.25x - 6.85x | 5.5x | Intense competition |
| Construction | 4.15x - 6.75x | 5.4x | Cyclicality and project risk |
Indicative data on EBITDA multiples by sector in Spain · last reviewed 2026. The ranges follow the same methodology as Capittal's valuation calculator: the median is the sector's base multiple and the extremes reflect adjustments for growth, recurrence and margin. This is not financial advice nor a professional valuation: the applicable multiple depends on each company's size, debt/cash position and comparables.
Frequently asked questions
EBITDA multiples by sector.
What is an EBITDA multiple in a company valuation?
It is the ratio between the value of the company (Enterprise Value) and its EBITDA. It provides an indicative estimate of what a company is worth by comparing it with transactions in the same sector: the higher the multiple, the higher the valuation per euro of EBITDA.
What EBITDA multiples are paid by sector in Spain?
Technology: range 5.15x - 7.75x, median 6.4x. Healthcare: range 4.95x - 7.55x, median 6.2x. Professional advisory firms: range 3x - 9.35x, median 6.15x. Environment: range 4.8x - 7.4x, median 6.05x. Energy: range 4.75x - 7.35x, median 6x. Security: range 4.7x - 7.3x, median 5.95x. Logistics: range 4.6x - 7.2x, median 5.85x. Industrial: range 4.5x - 7.1x, median 5.75x. Food: range 4.4x - 7x, median 5.65x. Retail & Consumer: range 4.25x - 6.85x, median 5.5x. Construction: range 4.15x - 6.75x, median 5.4x
Do these multiples replace a professional valuation?
No. They are indicative reference ranges. The actual valuation depends on growth, margins, debt, cash, customer concentration, team and specific comparables. Capittal prepares defensible valuations case by case.