Benelux-native SME valuation multiples by business type

Frequently asked questions

What is the Upswitch Index?

The Upswitch Index is a free, publicly accessible database of SME valuation multiples (EV/EBITDA, EV/Revenue, P/E) by business type. Benelux is native-local where row evidence supports it; wider European market views are disclosed as beta, borrowed, aggregate, or compatibility coverage. Free accounts unlock all current data.

Is it really free?

Yes. Sign up free for Upswitch (no credit card) to unlock P25, median, and P75 ranges across every business type and every country market. Historical vintages, audit-grade exports, and team API access are on paid plans, but the full current snapshot is free.

How does the Upswitch Index compare to Damodaran?

Damodaran publishes annual global multiples for listed companies by broad sector — a gold standard for public markets. The Upswitch Index publishes granular SME/private-company benchmark ranges organized by NACE-based business type, with row-level disclosure of whether the evidence is native-local, borrowed, aggregate, or beta-stage. Both are useful; they answer different questions.

How are the multiples calculated?

Each vintage is governed by row-level benchmark contracts. Evidence can include private-market observations, local filings or statistics, listed-comparable context, and macro calibration anchors, but provider names only appear as provenance when they actually contributed to the resolved benchmark. Outliers are detected using MAD (median absolute deviation), and rows must pass quality gates before publication.

Can I cite this in client reports and due diligence?

Yes. Each published vintage is locked with a permanent, citable URL. Use the vintage page (markets/vintages/[snapshot_id]) for stable references in client reports, due diligence memos, board decks, and academic work. The dataset values referenced are permanently locked.