The median selling price/EBITDA multiple increased to 4.5x in 1Q2022, up from 3.9x for 4Q2021, according to the latest DealStats Value Index, which summarizes valuation multiples and profit margins for acquired private companies by time period, sector, and size. The multiple (across all industries) was the highest in the third quarter of 2018 (5.5x) but had decreased through the third quarter of 2021 before starting to trend upward (see chart).