MED IA N SA L E PRIC E

$10,000,000 TO $99,999,999 100 M+ $1,000,000 TO $9,999,999 $100,000 TO $999,999 UP TO $99,999

100,000,000

10,000,000
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000

40,000,000

30,000,000

20,000,000

1,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000

4,000,000

3,000,000

2,000,000

100,000
900,000
800,000
700,000
600,000
500,000

400,000

300,000

200,000

90,000
80,000
70,000
60,000
50,000

$10,000,000 TO $99,999,999

e 90,000,000
c
ran
Highlighted circles
Agriculture, Forestry,

nsu
Finance, Insurance,

ty I
an entire sector.

ual ers 80,000,000

median data for
Communications,
Electric, Gas, and
Sanitary Services

Cas eal
Wholesale Trade

represent the

e & rs & D
and Real Estate

Transportation,

arin
Manufacturing

e
, M Brok 70,000,000
Construction

Fire urity
Retail Trade
and Fishing

Sec
■
■
Services

60,000,000
SECTORS

Mining

NE
T ZO
UN 50,000,000
CO
DIS es
NE Ser
vic
ZO ring
the ratio of the business’s sale price

Before Interest and Taxes, or EBIT).

in the chart’s
can be found

40,000,000
IUM nee
The size of the bubbles represents
The priciest

i
(Median Value of Invested Capital,
upper right

Eng
EXPENSIVE

EM
industries

PR
■
or MVIC) to its profits (Earnings

s
ice
region.
sell at a premium to annual revenue.

erv
that appear above the diagonal line

ly S
PREMIUM Companies in industries

upp
lp S
es ity He 30,000,000
Lin ctric
■
ent l Uti
lity re Ele
pm a
discount to annual revenue.

qui ripher r & easu

DISCOUNT
ZONE

DISCOUNT Companies that

al E we
fall below the line sell at a

M
dic ter Pe , Se nts to
me ter uct
s
c tro pu n t
om ipme Wa rume rod
Ele
■
t
■ C Ins sP
Equ stic ice
s
■ ■
Pla Ser
v
SALE PRICE TO EARNINGS RATIO

■
ng
ulti
HOW TO READ THIS CHART

ted ons
■
& 20,000,000
gra n sC tic
nte esig nes the
er I s D usi ros s
put stem ■ B i c, P nce
C om S y ope pp
d l i a ent
PREMIUM

ING■ ■O
rth ical A Equ
ipm
es
MIN Sur
g
s& vic
Ser
ZONE

atu ted
s par
■
ent ela
100:1
40:1
20:1
10:1
5:1

Ap
er-r
rum cal put
nst ctri
al I o n■ Ele Com
d ic visi nt ■
Me e
Tel me
■
al & io & quip
gic io
■
Sur Rad n s E Rad s ■
atio ept tor
industries
expensive

are in the

n ic
lower left

Exc nec s
The least

mu ns, Con plie

C om atio ic Sup
region.
CHEAP

nic tron s■ rial

mu Elec tion ust
ara Ind
C om rep
■
10,000,000
on e al P
eph utic
Tel ac e s ■
ic e
$1,000,000 TO $9,999,999

r m
Ser
v 9,000,000
Pha
ting er es
sul es
■
put vic
Con tor nt ■ om Ser 8,000,000
ent yS
tar me ■ sor
s
ces m C ing are
em
prie Equip ents, Les evi o
ust mm ftw tion
n ag Pro & dD C r a S o ara
Ma s& ry & e A vic
g e ers ate Pro
■ g
ed rep
ore ine ranc Ser O wn Rel kag &P ice
s 7,000,000
gst ach Insu ers & ent rs & pac ing erv
Dru trial M Pat cto Pre ess eS
Bro
k
ndu roc Car G
RIN
■
ta P
■
us ic o Da alth
Ind Sem ■
He TU 6,000,000
me
FAC
■
Ho
NU
■
■ MA
5,000,000
4,000,000
nt
me
l nge rs
oca Arra Docto
pt L on l
xce tati dica
g, E nspor of Me
kin
■ T
ruc ht Tra linics eta
l
3,000,000
reig es & C l M ts
■F ura roduc
ffic uct
■ O Str ne P tors
ies ■ ted Sto ntrac
■
tor ica & D E
TRA
ora cies o
abr Stone ade C s ctio
n
Lab gen ■F
tion tru
ting g A ■C
ut ial Tr LE N Sta ons
ESA TIO
g
Tes ertisin pec ice nin
CE gC s
■
■ S
L erv sin itio
AN E HO STRUC asoline mily HoIundustrAi ir Con ores
v S e d
Ad
UR AT ■ W
NS ST ON ■ G a t
E, I L E
g &
le-F urin ing ic S 2,000,000
■ C
n
A NC & REA ■ S
ing fact
anu g, n
H eat
r es Ele
c tro
Sto
res
den
FIN ry
■
■ M b i Sto n &
ine lum iture visio & Gar es
ach ■ P tor als
M urn , Tele eries ar S teri
rial ,■ ■ F We Ma
ION ,
o urs ’
ust ■R
adi N nts ing
Ind l nfa d
TAT NS
i i l
■ R
eta I
’s & er B
u
es
P OR TIO & ren Oth tor
NS ICA GAS ES es ■ C
hild ber &
wa
re S
TRA UN IC, IC vic oft
um es
Ser ■ L S r
M M T R ERV ns er & Sto s i e
CO ELEC RY S l Resea
rch
■
atio put ring enc gs
nic ■ C
om Cove nt Ag s hin
mu
ITA hysica om
r e
loo loym Deale k
r
Fur
nis
SAN
■ C ■ F
N onp ■E
mp -Car Wor ome
rcia
l sed try sH
rs ■U pen eou
■
me ape s ■ Car llan es ts
Com wsp ct isce r Stor duc s 1,000,000
Ne Produ ists ■ Pro oner
■
CES lated ctiti ment
■ M o
ent s ■ iqu
RVI & Re h Pra uip
tal ■ L
Me f D orie
ted ics o rat ■ SE cerie Hea ital

$100,000 TO $999,999
s l t E q 900,000
rica Clin abo s■ ro es of Hosp
Fab es & ical L uct ■ G
c
Offi Me
d P rod ffic l & cesa e s e s ops
od ■ O c l a
edi ing P res g Sto Servi pai800,000
r c r Sh
Wo ■ M o l e
■ D
rink y St
e r lo thin na n R
t io i o
s s
ng roc en's C duca smis
■
inti ets ■ ■ G hop
l Pr om ols & E e Tran ds ir S700,000
rcia abin s ■ ■ W epa
me n C vice ■
e r ■ S
cho motiv le Goo tive R
Com Kitch air Se ware ■ A
uto urab tomo DE
od Rep Hard ond ral Au TRA rvices 600,000
Wo ■ N
ene AIL re Se ces
tion s ■ res
■
■ G
rta E T a
y C erv Sto
i
spo altie ■ R d Da ive S dise
ran eci hil mot han es
er T g Sp ■C
uto -Merc ervic 500,000
eng isin ■ A
ass ert ng ■ sedness S
■
al P Adv epi ■ U
usi
Loc s & kke ices ■ ■B ries
Sig
n o o
& B l Se
r v ake
ing il B
ng tura lann ps ■ eta s ces
diti itec P o ■ ■ R
s t s l a 400,000
, Au Arch ling & int Sh phy p
lori y Sho king ation
P
ting a
nse & P ogra es ■
■ F t i n r e
oun Cou air Lith ■ B
eau & Dr Rec
Acc ape Re ng,
p erv
ic s ■ g t& ice
s
al S aneou s ■ atin emen erv
dsc ody rinti iev
■ E
s tal al S
Lan & B ial P etr cell vice ■ mu Ren son
Top merc n R Mis Ser es ■A
pe Per
atio ising, tising Servic es ■ ota us
Com rm t r r ide laneo 300,000
Info Adver Adve cating d Sto ops ■ ■ V l s,
il li o h isce v ice
Ma Dup us Fo enir S ices ■ ■M Ser r
■
ect & o rv ier y Ai s
Dir ing llane Souv n Se ores our ept b litie
opy Misce lty & arde tail St ers ■ C aci
Exc icals ess F
■
toc ve G e ag d
Pho o &
t, N Lawn neous & Ma
R n
erio cal Fit
n
■P
Gif
ING
■ i
la ents hys
cel g ■P
Mis ate A ISH ate
d
& F ept Ruigces ■ per
t s■
l Es n-o es &
Rea RY Coi undri g 200,000
EST ts,
Exc e rv
hes La anin
■ ■
eS
OR ng PlantenancCar Was
VALUATION GUIDE 2009

Cle
E, F ani ain
UR

MEDIAN REVENUE
-cle g M nin
g■
Dry uildin ULT ry C
lea isin
g
RIC B
lste and
AG &U
pho
rch e
Me achin ors
M erat
■
pet Op
Car
es
■
vic
Ser
alty
eci
l Sp 100,000
ima
An