For established German Mittelstand mid-sized manufacturing businesses, typical EBITDA multiples range from 5x to 8x, depending on factors like growth prospects, market position, and operational stability. Stronger brands or niche players can command higher multiples.

For established German Mittelstand mid-sized manufacturing businesses, typical EBITDA multiples range from about 5× to 8×, depending on factors like growth potential, market position, and operational stability. Emotionally, seeing a business valued this way can feel reassuring it’s solid, predictable, and grounded, unlike the rollercoaster multiples in tech or startups, giving buyers confidence they’re paying for real, tangible performance rather than hype.