Tools · Valuation

EBITDA Multiple Calculator

Compute an indicative enterprise value from your EBITDA using sector-calibrated multiples for Belgian and Dutch SMEs. Powered by data from the Upswitch Multiples Index. Free, no signup.

Your numbers

Normalised EBITDA (€)

Use your normalised figure (owner-comp adjusted to market, one-offs reclassed).

Sector

Country

Indicative enterprise value

Multiple used: 5.2x EV/EBITDA

Range reflects sector p25 / median / p75 multiples from the Upswitch Multiples Index lite snapshot (2026-Q1).

Conservative (p25): -(4.2x)
Median: -(5.2x)
Strong story (p75): -(6.4x)

Get a defensible figure

For a sale-grade valuation we triangulate EBITDA-multiples with DCF, adjusted NAV, owner-risk and sector benchmarks. One workflow.

Run a full Upswitch valuation Open the SME Multiples Index

Embed this tool

Drop the snippet on your accountant blog, client portal, or any page where SME owners might land. Free, no registration required.

<iframe src="https://www.upswitch.app/en/embed/tools/ebitda-multiple-calculator" width="100%" height="720" style="border:0" loading="lazy" title="EBITDA Multiple Calculator"></iframe>

How to use it

Enter your normalised EBITDA, pick the sector and country, and indicate whether you're a growth or stable story. The calculator surfaces an enterprise-value band (p25 / median / p75) based on typical Benelux EV/EBITDA multiples from the Upswitch Multiples Index: a continuously updated dataset of European SME transactions. For a defensible figure, triangulate this method with DCF, adjusted NAV, and owner-risk in a full Upswitch run.

Formula

Enterprise Value = Normalised EBITDA × Sector multiple (EV/EBITDA)

Frequently asked

Why should I normalise my EBITDA before using this calculator?: Raw EBITDA always contains items a new owner wouldn't carry (above-market owner salary) or wouldn't repeat (one-off costs). Normalisation surfaces the number a buyer treats as economically saleable.
Where do the multiples come from?: From the Upswitch Multiples Index: a continuously updated dataset of European SME transactions with k-anonymisation and per-country filters. The lite version uses a condensed 26-sector view; the full database (183 business types, 16 markets) is free for signed-in advisors.
Does this method work for my SaaS or recurring-revenue business?: For SaaS with strong recurring revenue, ARR multiples are usually a better fit. Use EBITDA multiples mainly for cash-flow-positive SMEs between €1m and €25m revenue.
How is this different from a full Upswitch valuation?: A full valuation combines up to 10 methods (DCF, NAV, SDE, ARR, tax-reference, etc.), normalises your numbers automatically, and delivers a defensible PDF report with audit trail. This calculator is a 60-second first indication.

Go deeper

Embed this tool

Drop the snippet on your accountant blog, client portal, or any page where SME owners might land. Free, no registration required.

<iframe src="https://www.upswitch.app/en/embed/tools/ebitda-multiple-calculator" width="100%" height="720" style="border:0" loading="lazy" title="EBITDA Multiple Calculator"></iframe>

How to use it

Formula

Enterprise Value = Normalised EBITDA × Sector multiple (EV/EBITDA)

Frequently asked

Why should I normalise my EBITDA before using this calculator?

Raw EBITDA always contains items a new owner wouldn't carry (above-market owner salary) or wouldn't repeat (one-off costs). Normalisation surfaces the number a buyer treats as economically saleable.

Where do the multiples come from?

From the Upswitch Multiples Index: a continuously updated dataset of European SME transactions with k-anonymisation and per-country filters. The lite version uses a condensed 26-sector view; the full database (183 business types, 16 markets) is free for signed-in advisors.

Does this method work for my SaaS or recurring-revenue business?

For SaaS with strong recurring revenue, ARR multiples are usually a better fit. Use EBITDA multiples mainly for cash-flow-positive SMEs between €1m and €25m revenue.

How is this different from a full Upswitch valuation?

A full valuation combines up to 10 methods (DCF, NAV, SDE, ARR, tax-reference, etc.), normalises your numbers automatically, and delivers a defensible PDF report with audit trail. This calculator is a 60-second first indication.