What might my business be worth?
An educational estimator that turns your normalised EBITDA and a conservative industry multiple band into a wide indicative enterprise value range — with the maths shown transparently. This is not a valuation, and the range it produces cannot be relied on for any formal purpose.
Important: This is an educational tool only. The output is a generic illustration, not a valuation, and it does not constitute financial, tax or legal advice. A formal, supportable valuation range requires testing multiple methodologies, verifying normalised earnings, and evidencing the multiple against actual market transactions. Do not use this output for a CGT event, restructure, dispute or any purpose where the figure needs to be defended. Consult your accountant or adviser before acting on any output.
Typical indicative band: 2.5× – 4.5× normalised EBITDA for AU SMEs. Actual multiples vary widely.
Earnings before interest, tax, depreciation and amortisation — after adding back one-offs and adjusting owner remuneration to a market salary. Normalisation is where most DIY estimates go wrong.
Choose an industry and enter your normalised annual EBITDA to see the indicative enterprise value range appear here — with the maths shown transparently.
If EBITDA is negative or near zero, a multiples-of-earnings approach does not apply — asset-based or other methodologies are usually more appropriate. Talk to a valuer.
How the estimate works — and why it is not a valuation.
Most Australian SMEs that transact do so at a multiple of normalised EBITDA — earnings adjusted for one-offs, related-party arrangements and a market salary for the owner. This tool starts from a deliberately conservative, deliberately wide indicative multiple band for your industry, then adjusts it for three of the factors that most consistently move SME multiples: how dependent the business is on its owner, how much of the revenue recurs, and how concentrated the customer base is. The adjusted band multiplied by your EBITDA gives the indicative enterprise value range.
A formal valuation is a different exercise. A valuer does not pick a number from a generic band — they test more than one methodology (capitalised future maintainable earnings, net assets, market transactions, and where the cash flows justify it, discounted cash flow), verify the earnings normalisation against the financial statements, evidence the multiple against comparable transactions, and bridge from enterprise value to equity value by dealing with debt, cash, surplus assets and working capital. The output is a supportable range with reasoning that survives scrutiny — from the ATO, a counterparty, or a court.
A note on normalised EBITDA: The single biggest source of error in DIY estimates is the earnings figure itself. Owner salaries below (or above) market, family members on the payroll, rent paid to a related entity, one-off legal costs or COVID-era distortions all need to be adjusted before a multiple means anything. Educational only — confirm with your accountant/tax adviser.
An indicative range starts the conversation. A supportable range settles it.
Sales, restructures, related-party transfers and CGT events all need a valuation built on methodology testing and evidence — not a band from a calculator. We provide it.
Talk to a valuer