Almost all sectors/industry groups presented in a recent Kroll report observed a decrease in their EV/EBITDA multiples during the second quarter of 2022. Semiconductors and semiconductor equipment was the industry group with the highest decrease (a change from 17.4x to 10.1x, or 7.3x lower compared to Q1 2022’s multiple). The report, “Industry Multiples in Europe—Q2 2022,” examines trading multiples for various key industries in Europe as of June 30, 2022. The analysis uses constituents of the STOXX® Europe Total Market Index (STOXX Europe TMI), which covers about 95% of the free float in Europe, the report says. The full report is available if you click here.