How the figure is built
- Adjusted EBITDA
- €250,000
- Multiple
- 4.4×
- Enterprise value
- €1,087,500
- Financial debt
- €150,000
- Surplus cash
- €50,000
- Price for the shares
- €987,500
How the calculator works
It uses the DUB SME multiples for German businesses with less than €5 million in revenue, as of Q3/2026. For each sector they give a range in which most sales fall.
The calculator starts in the middle of that range. If the business depends heavily on you, it moves towards the low end; if it runs without you, towards the high end. Dependence on a few customers has a slightly smaller effect. DUB itself names both as key factors.
EBITDA times the multiple gives the enterprise value. Subtract financial debt and add surplus cash to get the price for the shares.
Source: DUB SME multiples, Q3/2026, retrieved 14 Oct 2026
More in the article From EBITDA to purchase price.
FAQ
Frequently asked questions
How accurate is the estimate?
It shows the order of magnitude buyers work with. The real price depends on the accounts, contracts, investment needs and negotiation, and can fall outside the range.
Why EBITDA and not revenue?
Buyers pay for the earnings that will cover their loan and salary. Two businesses with the same revenue can be worth very different amounts.
What does adjusted mean?
Private costs, one-off effects and a missing or too low managing director salary are taken out. That shows what the business earns under new leadership.
My sector is missing. What now?
The calculator only uses sectors with a published range. Pick the closest one and read the result as a rough direction.
How can I increase the value?
Mainly by making the business less dependent on you: spread customer relationships, build a second management level, document processes. This usually takes two to three years.
Are my entries saved?
No. The calculation runs entirely in your browser.
We prepare your business for the handover
With the business portrait and clear preparation, the range becomes a price a successor can actually finance.