European Valuation Multiples
Medium sized European businesses sold for about 8.6× their profit in Q1 2026, according to the Argos Mid-Market Index, which tracks completed sales and is published by Argos Wityu.
- About 8.6× profit in Q1 2026
- Medium sized European businesses sold for about 8.6× their profit in Q1 2026, according to the Argos Mid-Market Index, which tracks completed sales and is published by Argos Wityu. The index only covers businesses inside the eurozone that are not listed on a stock exchange, worth between 15 million and 500 million euros, where the buyer took control rather than a minority stake. Each figure is a rolling median over six months. Three industries are left out of the index entirely: financial services, real estate, and high technology. Argos does not collect them, so any figure we show for those industries is ours alone and is not supported by this source.
- Price paid by buyer type, Argos Mid-Market Index Q1 2026
- Who buys the business changes the price. Companies buying a competitor paid about 7.8× profit. Investment funds paid about 10.0×. The index only covers businesses inside the eurozone that are not listed on a stock exchange, worth between 15 million and 500 million euros, where the buyer took control rather than a minority stake. Each figure is a rolling median over six months.
- How our tiers work
- We work out these industry estimates from the published headline figure and observable market patterns. Argos publishes one figure covering all industries together. It does not publish a separate figure for any single industry, so every per industry number on this platform is our own estimate worked out from that one figure, not something Argos published. They are not verified transaction data. Ranges are indicative and continuously updated as our comparable database grows.
- Sector multiples
- TIER 1: PUBLISHED ANCHOR
- The index only covers businesses inside the eurozone that are not listed on a stock exchange, worth between 15 million and 500 million euros, where the buyer took control rather than a minority stake. Each figure is a rolling median over six months. Three industries are left out of the index entirely: financial services, real estate, and high technology. Argos does not collect them, so any figure we show for those industries is ours alone and is not supported by this source.
- TIER 2: MANDA SECTOR ESTIMATES
- We derive these estimates from the published headline figure and observable market patterns. Argos publishes one figure covering all industries together. It does not publish a separate figure for any single industry, so every per industry number on this platform is our own estimate worked out from that one figure, not something Argos published. They are not verified transaction data.
- Our proprietary comparable database is in its early flywheel stage. Every transaction comp is source verified before it influences any valuation output.
- 211 companies held from Companies House. Identity records only. No filed financial statements have been ingested yet.
- 63 companies held from Brønnøysundregistrene (Enhetsregisteret + Regnskapsregisteret). 273 filed financial figures ingested.
- 23 companies held from KVK Kamer van Koophandel. Identity records only. No filed financial statements have been ingested yet.
- Connector built for OpenCorporates (Handelsregister), but we do not hold access credentials for it yet, so we hold no records from this register. Nothing is estimated in its place.
- Connector built for CVR: Det Centrale Virksomhedsregister (Erhvervsstyrelsen), but we do not hold access credentials for it yet, so we hold no records from this register. Nothing is estimated in its place.
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