Multiples with a European focus
We use the STOXX Europe 600 Index® to determine our multiples. This index is characterized by broad diversification, high liquidity, and regionality. It comprises the most liquid listed companies in Europe, including Austrian companies listed in the ATX Prime, and thus represents a reliable and empirically robust database.
Since the index only includes European companies, it is highly regional. Therefore, it is appropriate for Austrian and European company valuations and avoids methodologically inconsistent comparisons with US markets.
For illustration purposes, we use the internationally recognized Global Industry Classification Standard (GICS®) in order to divide companies into clearly defined sectors and subsectors.
EV/EBIT Multiples
The P&L data (i.e., EBIT) used for the enterprise value (EV) trailing multiples is based on the most recent financial information published by the respective companies (in annual or semi-annual reports). To derive 1-year forward EV multiples, analyst estimates (i.e., EBIT) for the next twelve months (NTM) are applied.
For comparison purposes, median multiples have been calculated. The bar charts additionally illustrate the interquartile range (IQR) for each sector, based on the full multiples universe of the individual companies in each sector. The IQR represents the middle 50% of observations in each sector, i.e. the range between the first and third quartiles.
Companies with negative multiples are excluded from the calculation. In addition, the financial services sector (including banks, insurance companies, etc.) is excluded as well.
Trailing EV/EBIT Multiples (01.03.2026)
Disclaimer
The information presented in this overview has been compiled from publicly available sources and is provided for informational purposes only. For binding information as of a specific date, please contact the person listed below. Grant Thornton Austria assumes no liability for the data used. The use of this data is permitted exclusively for non-commercial purposes.
EQ/EBIT Multiples
The P&L data (i.e., EBIT) used for the equity value (EQ) trailing multiples is based on the most recent financial information published by the respective companies (in annual or semi-annual reports). To derive 1-year forward EQ multiples, analyst estimates (i.e., EBIT) for the next twelve months (NTM) are applied.
For comparison purposes, median multiples have been calculated. The bar charts additionally illustrate the interquartile range (IQR) for each sector, based on the full multiples universe of the individual companies in each sector. The IQR represents the middle 50% of observations in each sector, i.e. the range between the first and third quartiles.
Companies with negative multiples are excluded from the calculation. In addition, the financial services sector (including banks, insurance companies, etc.) is excluded as well.
Trailing EQ/EBIT Multiples (01.03.2026)
Disclaimer
The information presented in this overview has been compiled from publicly available sources and is provided for informational purposes only. For binding information as of a specific date, please contact the person listed below. Grant Thornton Austria assumes no liability for the data used. The use of this data is permitted exclusively for non-commercial purposes.
Historical Multiples
In addition to our monthly updated multiples, we also offer historical multiples for download.
These are published in our Valuation Insights and enable a well-founded analysis of valuation developments over time.
Current topics on company valuation, restructuring, and corporate finance.
