SDE multiples · business value
HVAC Valuation Calculator
Estimate what your HVAC company is worth using SDE multiples and revenue benchmarks.
HVAC business valuation drives buy-sell decisions, SBA loan applications, and partnership buyouts. This calculator applies industry-standard SDE multiples to estimate your company's market value.
- Estimated Value = SDE × Industry Multiple (typically 2.4x–3.8x)
- SDE = Net Profit + Owner Salary + Add-backs (interest, depreciation, one-time expenses)
- Median HVAC company sells at ~3.1x SDE
Built for HVAC owners planning an exit, buyers evaluating acquisitions, and brokers pricing listings.
Source: BizMetricsHQ 420+ HVAC businesses (2025–2026). Methodology
Business Financials
Estimated Value
$1,342,300
Range: $1,039,200 – $1,645,400
At 3.1x SDE on $433,000 SDE
SDE-Based Value
$1,342,300
Revenue-Based Value
$2,040,000
Industry Multiples
Revenue Multiple
0.6x – 1.1x
Median 0.8x
SDE Multiple
2.4x – 3.8x
Median 3.1x
EBITDA Multiple
4.0x – 6.5x
Median 5.2x
Frequently Asked Questions
How are HVAC businesses valued?
Most owner-operated HVAC companies are valued using SDE (Seller's Discretionary Earnings) multiples, typically 2.4x–3.8x. A company with $433K SDE at 3.1x would be worth ~$1.34M. Revenue multiples (0.6x–1.1x) are used as a cross-check.
What is a good SDE multiple for an HVAC company?
The median SDE multiple for owner-operated HVAC businesses is 3.1x. Companies with high maintenance contract penetration, transferable management, and clean books command 3.4x–3.8x. Owner-dependent shops with thin margins may sell at 2.4x or below.
What is SDE for an HVAC business?
SDE equals net profit plus owner salary and discretionary add-backs (interest, depreciation, one-time expenses). For an owner-operator earning $145K salary with $288K net profit, SDE is approximately $433K before other add-backs.
How much is an HVAC company with $2.4M revenue worth?
An HVAC company with $2.4M revenue and $433K SDE typically sells for $1.04M–$1.65M (2.4x–3.8x SDE), with a median around $1.34M at 3.1x. Actual value depends on maintenance contract mix, technician retention, and market territory.