Capstone’s Historical Valuation Index

Published on: 05/03/2017

Capstone’s Historical Index tracks valuations across the middle market and in various industries.  Two of the primary ways we calculate valuations are by analyzing the prices paid for recent acquisitions and the available data from public companies, both of which are used here.  The Education & Training industry is the only industry for which we exclusively use public company data, since transaction valuations are rarely disclosed.  In addition, the Technology & Telecom index uses EV/Revenue to track valuations, while the rest use EV/EBITDA.