{
  "title": "HVAC Business Valuation Multiples in 2026: What Your Company Is Worth",
  "url": "https://acquisitions.com/blog/hvac-business-valuation-multiples/",
  "author": "Moran Pober",
  "publisher": "Acquisitions.com",
  "published": "2026-10-22",
  "updated": "2026-10-22",
  "section": "Selling a business",
  "keyword": "HVAC business valuation multiples",
  "short_answer": "Most HVAC companies sell for a multiple of earnings that rises with size. IBBA's Q4 2025 Market Pulse puts the average at 2.0x SDE for deals under $500K, 3.0x at $500K to $1M, 3.1x at $1M to $2M, 4.1x EBITDA at $2M to $5M and 5.5x EBITDA at $5M to $50M. Home services listings we read in October 2026 asked a median 3.21x SDE.",
  "facts": {
    "Under $500K": [
      "SDE",
      "2.0x",
      "2.0x",
      "2.0x",
      "2.0x"
    ],
    "$500K to $1M": [
      "SDE",
      "2.8x",
      "2.8x",
      "2.8x",
      "3.0x"
    ],
    "$1M to $2M": [
      "SDE",
      "3.0x",
      "3.0x",
      "3.3x",
      "3.1x"
    ],
    "$2M to $5M": [
      "EBITDA",
      "3.5x",
      "3.9x",
      "4.0x",
      "4.1x"
    ],
    "$5M to $50M": [
      "EBITDA",
      "4.5x",
      "5.5x",
      "5.3x",
      "5.5x"
    ]
  },
  "sources": [
    "https://www.ibba.org/wp-content/uploads/2026/02/market-pulse-highlights-q4-2025.pdf",
    "https://acquisitions.com/data/asking-multiples/"
  ],
  "license": "Facts may be quoted with attribution to Acquisitions.com and a link to the url above."
}