Transaction Multiples in High-Tech Industries

Stefan O. Grbenic* (Corresponding Author), H.C. van Beusichem, Dejan Spasić, Faruk Dayi

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


This article presents empirical data on transaction multiples for high-tech industries in Austria, the Netherlands, Serbia and Turkey for the time period October 1, 2016 to September 30, 2019. The multiples are presented for different value drivers, namely ' sales, EBIT and EBITDA. Furthermore, they are presented as both, trailing multiples and forward multiples based on either a short-term and a long-term time horizon.
Original languageEnglish
Pages (from-to)36-41
Number of pages6
Issue number4
Publication statusPublished - 19 Dec 2019


  • Business valuation
  • Multiples
  • High-Tech industries

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