Business valuation multiples by industry
Indicative SDE multiple ranges for Singapore SMEs, by industry. Most owner-operated businesses sell for roughly 1.5×–4× SDE; the exact multiple depends on the sector and the quality of the earnings. Pick an industry below for its full subsector table, or value a specific deal with the calculator.
Value a business now →Food & Beverage
1×–2.75× SDE
6 subsectors
Retail
1×–3× SDE
6 subsectors
E-commerce
1×–3.5× SDE
4 subsectors
Personal & household services
1.5×–3.25× SDE
4 subsectors
Home & trade services
1.5×–3.25× SDE
5 subsectors
Professional services
1.8×–3.5× SDE
6 subsectors
Education
2×–4× SDE
4 subsectors
Beauty & wellness
1.5×–4× SDE
6 subsectors
Healthcare
2×–5.5× SDE
6 subsectors
IT / software / digital
2×–4.5× SDE
5 subsectors
Logistics & transport
1.5×–3.25× SDE
5 subsectors
Wholesale & distribution
2.5×–3.75× SDE
4 subsectors
Manufacturing
2.5×–4.5× SDE
5 subsectors
Construction & M&E
1.5×–3.5× SDE
4 subsectors
Marine & offshore
2.5×–5× SDE
3 subsectors
Media & creative
1.5×–3× SDE
4 subsectors
Financial services
2×–5× SDE
5 subsectors
Real-estate services
2×–4× SDE
4 subsectors
Multiples are seller’s-discretionary-earnings (SDE) based and indicative only. Headline sectors are derived from Singapore SME broker transaction data; subsectors marked “(est.)” are inferred adjacencies with no public SG comp. Verify against primary sources before relying on any figure — GradeThisDeal is a screening tool, not financial advice.