FAIRNESS OPINION RANGES

Advisor Ranges

EBITDA multiple ranges selected by financial advisors in precedent-transactions analyses.

When a bank delivers a fairness opinion it discloses the multiple range it selected from precedent transactions—its own judgment about where a deal should price, not simply where comparables traded. This page collects those selected ranges so you can see how individual firms have positioned, by sector and over time.

Analyses
70
Median Low
8.9x
Median High
12.0x
Mean Midpoint
11.6x
Filters
Sector
All
Advisor
All

Advisor Selected EV / LTM EBITDA Ranges

70 included analyses

Median low 8.9xMedian high 12.0xObserved

Advisor Ranges

70 included of 70
Showing 1-20 of 70 ranges
Page 1 of 4
Analysis
Jul 2026UTZ FOUtz Brands, Inc.Intersnack Group GmbH & Co. KGPackaged FoodsCitiEV/LTM Adjusted EBITDA10.4x12.4xAppliedOpen
Apr 2026LEG FOLeggett & Platt, IncorporatedSomnigroup International Inc.Home & Office FurnishingsJPMorganFV / LTM EBITDA5.0x9.0xAppliedOpen
Mar 2026UNF FOUniFirst CorporationCintas CorporationServicesJPMorganFV/LTM EBITDA11.7x14.2xAppliedOpen
Mar 2026UNF FOUniFirst CorporationCintas CorporationServicesGoldman SachsEV/LTM Adjusted EBITDA11.7x14.2xAppliedOpen
Mar 2026OLPX FOOlaplexHenkelHHP/Pers CareJPMorganFV/LTM EBITDA12.0x21.0xAppliedOpen
Feb 2026MCW FOMister Car WashLeonard Green PartnersGeneral RetailBofAEV / LTM Adjusted EBITDA8.0x10.5xAppliedOpen
Feb 2026EWCZ FOEuropean Wax CenterGeneral AtlanticFitness & WellnessMoelisTEV / LTM EBITDA8.0x10.0xAppliedOpen
Feb 2026STKL FOSunOptaRefrescoPackaged FoodsScotia CapitalEV/LTM EBITDA8.5x11.5xAppliedOpen
Feb 2026STKL FOSunOptaRefrescoPackaged FoodsLazardEV/LTM Adjusted EBITDA9.0x12.0xAppliedOpen
Jan 2026CVGW FOCalavo Growers, Inc.Mission Produce, Inc.Packaged FoodsJefferiesEV / LTM EBITDA9.0x12.0xAppliedOpen
Nov 2025THS FOTreeHouse Foods, Inc.InvestIndustrial SAPackaged FoodsGoldman SachsEV/LTM Adjusted EBITDA7.5x12.0xAppliedOpen
Aug 2025SCS FOSteelcase Inc.HNI CorporationHome & Office FurnishingsJPMorganFV / LTM Adj. EBITDA10.0x15.0xAppliedOpen
Aug 2025SCS FOSteelcase Inc.HNI CorporationHome & Office FurnishingsBofATEV / LTM EBITDA7.3x12.8xAppliedOpen
Aug 2025HBI FOHanesBrandsGildan ActivewearLuxury & ApparelGoldman SachsEV/LTM EBITDA6.0x9.3xAppliedOpen
Aug 2025WBA FOWalgreens Boots AllianceSycamore PartnersGeneral RetailCenterviewTEV/LTM EBITDA5.5x7.5xAppliedOpen
Aug 2025WBA FOWalgreens Boots AllianceSycamore PartnersGeneral RetailMorgan StanleyAV/LTM EBITDA5.0x8.0xAppliedOpen
Jul 2025KLG FOWK KelloggFerrero GroupPackaged FoodsMorgan StanleyAV/LTM EBITDA9.5x11.5xAppliedOpen
Jul 2025KLG FOWK KelloggFerrero GroupPackaged FoodsGoldman SachsEV/LTM EBITDA8.4x12.5xAppliedOpen
Jun 2025SPTN FOSpartanNashC&S Wholesale GrocersFood DistributionBofAEV / LTM Adjusted EBITDA5.5x7.3xAppliedOpen
May 2025SKX FOSkechers U.S.A., Inc.3G CapitalLuxury & ApparelGreenhillEV/LTM EBITDA8.0x11.0xAppliedOpen
Showing 1-20 of 70 ranges
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