HAVE PEOPLE NOTICED THAT MULTIPLES HAVE EXPANDED SIGNIFICANTLY?
Is it just me, or does anyone else notice in the past 6 months, that asking EBITDA multiples have expanded dramatically? Before, I was seeing plenty of stuff in the 3-4x range, and the small/low quality businesses asking 2-3x. Now, it seems like it's hard to find anything decent asking below 5x. Even the low quality ones are asking 3-4k. Am I alone in coming across this phenomenon?