Every owner wants a single number. The honest answer is a range, and where you land inside it is determined by factors you can influence long before you go to market. In 2025, lower middle market businesses are trading in multiple bands that vary sharply by size tier, sector, and the quality of earnings behind the reported EBITDA.
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Lower Middle Market Multiples in 2025: What Your Business Is Actually Worth
A data-driven guide to how buyers price businesses in 2025 — current multiple ranges by size tier and the seven drivers that determine yours.