Two reports from Kroll have insights into trading multiples for various key industries as of March 21, 2023.

The Industry Multiples in Europe quarterly report (click here to download) is now in its sixth edition. One highlight: In terms of EV/EBITDA, multiples have generally remained relatively stable during the first quarter of 2023, with a few industries presenting significant variations. For example, the median EV/EBITDA multiple of semiconductors and semiconductor equipment increased to 15x (from 10x in the fourth quarter of 2022).

The Industry Multiples in Latin America quarterly report is in its fourth edition (click here to download). One highlight: During the first quarter of 2023, while median EV/EBITDA multiples have not changed significantly for many industries, some of them experienced notable decreases. For instance, in the energy sector, the median EV/EBITDA decreased 1.4x in the first quarter of 2023 in relation to the fourth quarter of 2022.