SME Valuation Trends 2025: What’s Your Business Worth?

Valuations are recovering across Europe, but what buyers are actually paying depends on deal structure, size, and geography.

We’ve analysed the latest SME valuation trends for 2025 to help acquirers navigate today’s shifting market with greater clarity.

Key takeaways:

• Median multiples: 5.1× to 5.4× EBITDA

• Larger SMEs: up to 9× EBITDA

• Off-market deals often trade at a discount

• Earn-outs and vendor financing are increasingly common

• France and DACH continue to command the highest valuations

At Archimax, we’ve developed this summary to support fellow buyers, operators, and investors who are navigating acquisitions in this evolving environment.

Swipe through or download the PDF for offline reading.

Sources include:

UK200Group, MarktoMarket, Epsilon Research, Dealsuite, PitchBook, Deloitte, Searchfunder, & Archimax Research

SME Valuation Trends 2025: What’s Your Business Worth? and intro from Archimax.

Overview of recovering SME valuation multiples across the UK and Europe, with sector comparisons.

Valuation multiples by EBITDA size: small, mid-sized, and large SMEs.

Comparison of brokered deal pricing vs proprietary off-market deal value.

Regional differences in SME valuations across France, DACH, UK, and the Netherlands

The influence of earn-outs, seller finance, and creative terms on valuation outcomes

Common risk factors affecting SME valuations: founder dependence, customer concentration, poor recor

Closing slide with Archimax contact details and buyer support offerings.