EBITDA/SDE Multiples for Smaller ($400k-$3mm revenue) Non-Destructive Testing Companies

July 17, 2025

by a searcher from University of Chicago in Philadelphia, PA, USA

Hi all, I'm evaluating opportunities in non-destructive testing (infrared, ultrasound, etc.) and adjacent services. I'm trying to gauge approximate multiple ranges at different size increments to understand what fair value is as well as what a combined platform might be valued at. I would appreciate any guidance on rough EBITDA multiple ranges in the lower end of the market ($0.5mm/$1.0mm/$1.5mm/$2.0mm/$3.0mm of revenue) and more platform-sized multiples ($1mm EBITDA vs. $2mm+), understanding that the place within the range will vary by company attributes. Best, Ted

Reply by a searcher
from The University of Chicago in Nashville, TN, USA

I had done some research and submitted an LOI on an NDT company a couple months back. I lean heavily on the Deal Stats available on the site to build out a 25th, median and 75th percentile range for the key ratios. There may not be enough data to have a statistically significant regression built out but it should give you some direction. Happy to share what I put together if it would be helpful.

Reply by a professional
in London, UK

Based on our data at https://getdealmatch.com, average revenue multiple for Professional, Scientific, and Technical Services is 1.1x. EBITDA multiple is at 3.1x (most deals fall between 2.1 and 4.1x). NDT does not come to the market often, but it appears to be in this range too. DM me if you want to go through some data analysis -- happy to help!

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