What was the median EV/EBITDA multiple for Laboratory Services in 2023?

The median EV/EBITDA multiple for Laboratory Services acquisitions in 2023 was 17.6x, based on 5 disclosed transactions. The p25-p75 range was 8.11x to 310.25x.

What was the median EV/Revenue multiple for Laboratory Services in 2023?

The median EV/Revenue multiple for Laboratory Services acquisitions in 2023 was 2.21x, based on 14 disclosed transactions. The p25-p75 range was 1.44x to 6.57x.

2023M&A Transaction Multiples

Laboratory Services Multiples - 2023

Sourced from 14 publicly disclosed Laboratory Services acquisitions in 2023. Public records only (SEC EDGAR + verified press releases).

EV / EBITDA

17.6x

median · p25 8.1x - p75 310.3x · n=5

EV / Revenue

2.2x

median · p25 1.4x - p75 6.6x · n=14

Value your Laboratory Services business

Instant valuation range + a sellability score with the 5 specific drivers worth the most at the LOI table. Backed by 25,592 real M&A transactions.

Industry

Annual Revenue (USD)

EBITDA / SDE (USD)

Laboratory Services multiples by year

2025 · 13.8x EBITDA 2024 · 10.1x EBITDA 2023 · 17.6x EBITDA 2022 · 9.9x EBITDA 2021 · 22.2x EBITDA 2018 · 16.9x EBITDA

Other verticals - 2023 multiples

Dental Practice· 9x EBITDA Electronics· 9.54x EBITDA Healthcare IT· 24.6x EBITDA Industrial Equipment· 14.04x EBITDA Insurance Agency· 15.89x EBITDA IT Services· 10.71x EBITDA Medical Devices· 13.7x EBITDA Metal Fabrication· 3.54x EBITDA Oil Gas Services· 4.99x EBITDA Other· 17.02x EBITDA Other Healthcare· 11.5x EBITDA Other Manufacturing· 12.7x EBITDA Other Professional Services· 7.21x EBITDA Other Technology· 22.88x EBITDA SaaS· 31.3x EBITDA Trucking· 5.96x EBITDA Wholesale Distribution· 9.52x EBITDA

Data sourced from 14 disclosed Laboratory Services M&A transactions in 2023. Aggregations: median (p50), p25, p75. Quality gate: n ≥ 10 deals per (vertical x year) cell. Data generated 2026-05-26.Full methodology →