European SME market data
Country-level market context for the multiples: currency, macro, tax, risk-free, and country-risk inputs for all 16 Upswitch Index markets.
Multiples context
The market explains the multiple
Sector bands are only half the answer. Country rates, inflation, GDP, tax, and currency explain why the same business type prices differently across markets.
Delphi authority
One source of truth
Athena reads Delphi's country_contextual_factors table, the same authority used by valuation engines and benchmark adjustment logic.
API ready
Pull it into models
The public endpoint is JSON or CSV, CORS-enabled, and aligned with the OpenAPI spec so advisors can plug country factors into Excel, notebooks, and deal tools.
Country market factors
How it fits the benchmark
Delphi refreshes country context from ECB, Eurostat, OECD, and country-risk sources, then Athena exposes a bounded public subset. These fields do not replace the multiple; they explain the market conditions used to adjust and interpret it.
Upswitch.app
Full valuation workflow — Upswitch
This database is the public benchmark layer. Upswitch is the full platform: company-specific valuations, client-ready reports, advisor workflow, and API access for teams. Free accounts work across both.