Roger Buckley
Partner, M&A
3 March 2026
The Private Company Price Index (PCPI) is our flagship proprietary valuation benchmark - refined over more than two decades of experience. Recognised as one of the UK market’s most authoritative indicators of private company performance, the PCPI provides unparalleled intelligence for valuing privately owned businesses.
Beyond its rigorous valuation insight, it acts as a trusted barometer of M&A market sentiment, relied upon by investors, acquirers and business leaders seeking a decisive edge in an increasingly competitive dealmaking landscape.
PCPI is a key source of information for:
| Business valuations & M&A | Management incentive schemes |
| Succession | Shareholder disputes |
The index tracks M&A volumes and valuations of UK target business, with data split between trade acquirers and private equity investors. Our latest report summarises M&A activity and business valuations to the end of 2025.
It is also important to get expert advice related to your specific business and sector opportunities and challenges. Speak to the author or a team member for a personalised view and further insights.
Please remember that valuations in this report are an average as each company is individual. It is important to personalise your valuation to reflect the unique features of your business, for example, for sector and size. We would be delighted to help.
By requesting a copy of this report, you agree that a member of the BDO team may contact you.
Each quarter we collect data surrounding Enterprise Value (EV) to Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) multiples. The Index tracks the EV to EBITDA multiples paid by trade and private equity buyers when purchasing UK private companies.
We examine this market data and compare it with historic data to identify key trends. We draw on our long experience of running the PCPI and our sector-specific expertise to predict future market trends.
Roger Buckley