Valuation Trading Multiples & Precedent Transactions: Digital Infrastructure Services Companies
Valuation benchmarks for Digital Infrastructure Services Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
Companies in this trading comparables group operate and service digital communications infrastructure, providing colocation data centers, interconnection, broadcast transmission networks, and telecom deployment services. Business models blend contracted, recurring connectivity and facility leases with project-based network engineering and build-outs. They are grouped together as valuation benchmarks because they monetize missionβcritical infrastructure and capacity, with demand driven by cloud adoption, data traffic growth, and network densification.
Typical capabilities include multi-tenant colocation facilities, on-demand interconnection fabrics and internet exchanges, cloud onβramps and direct-connect services, managed infrastructure and network monitoring, bareβmetal compute adjacent to exchanges, optical transport and fiber access solutions, and turnkey telecom engineering, aerial/underground construction, and program management for fiber and wireless networks. Many offer ecosystem connectivity, carrier neutrality, and SLAs supporting high availability and low latency.
Primary customers include cloud providers and hyperscalers, telecommunications operators and ISPs, enterprise IT teams, and broadcasters. Key valuation metrics include recurring revenue mix and growth (MRR/ARR), utilization and cabinet occupancy, interconnection density per customer, contract length and churn, EBITDA margins, backlog and bookβtoβbill for services, and capital intensity. These outcomes underpin public trading comparables for digital infrastructure service providers.
2. Valuation Analysis: Public Trading Comps & Multiples for Digital Infrastructure Services Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Digital Infrastructure Services Companies sector
Description: Companies in this trading comparables group operate and service digital communications infrastructure, providing colocation data centers, interconnection, broadcast transmission networks, and telecom deployment services. Business models blend contracted, recurring connectivity and facility leases with project-based network engineering and build-outs. They are grouped together as valuation benchmarks because they monetize missionβcritical infrastructure and capacity, with demand driven by cloud adoption, data traffic growth, and network densification.
Description:
Provider of carrier and cloud-neutral data center and IT facility services, including data center solutions, managed services, connectivity solutions, installation of SMATV, structural cabling, and security systems, and system development and management services.
Key Products:
Data Centre Solutions: Comprehensive data center facilities from standard racks to custom-designed facilities
Connectivity Solutions: Secure and scalable connectivity through fiber optics
Managed Services: IT infrastructure management and support services
AWS Direct Connect: Amazon Web Services connectivity facilitating cloud operations
HKIX Connection: Hong Kong Internet Exchange connectivity for robust internet performance.
Valuation FAQ: Digital Infrastructure Services Companies
What is the current median EV/Revenue multiple for Digital Infrastructure Services Companies?
Based on our index of public trading comparables, the median Enterprise Value to Revenue (EV/Rev) multiple for the Digital Infrastructure Services Companies sector is currently
β.βx.
High-growth peers in the top quartile are trading at
ββ.βx.
View full data.
What is the average EV/EBITDA multiple for companies in this sector?
Profitable companies in the Digital Infrastructure Services Companies sector trade at a median EV/EBITDA multiple of
ββ.βx.
This represents a change vs the 5-year historical average.
Our platform tracks EBITDA multiples for Digital Infrastructure Services Companies and other key peer groups.
How have valuation multiples for Digital Infrastructure Services Companies trended over the last 5 years?
Valuations have adjusted since 2021.
The sector saw peak multiples of ββ.βx EV/Revenue, settling to a 5-year average of β.βx today.
Access our Historical Trends chart for granular monthly data.
What are recent M&A transaction multiples in the Digital Infrastructure Services Companies space?
Recent precedent transactions indicate implied enterprise values ranging from
β.βx to
ββ.βx Revenue.
Private market deals often trade at a liquidity discount compared to public peers.
Unlock the full list of precedent transactions.
Which public companies are used as trading comps for Digital Infrastructure Services Companies?
The primary trading comparable group includes Digital Infrastructure Services Companies.
Key constituents used for benchmarking include large-cap leaders and specialized mid-cap players.
See the full list of companies in the Public Trading Comps section.
How do I value a private company in the Digital Infrastructure Services Companies sector?
Valuing a private Digital Infrastructure Services Companies company typically involves applying current
EV/Revenue and EV/EBITDA multiples from public peers to the private company's financial metrics.
A discount for lack of marketability (DLOM) of 20-30% is often applied.
Our private company valuation database provides the exact multiples needed for this calculation.
What are the Digital Infrastructure Services Companies industry valuation multiples for 2025?
For 2025, the Digital Infrastructure Services Companies industry is trading at a median EV/Revenue multiple of
β.βx.
This reflects current market sentiment, interest rates, and growth expectations.
Access our platform to see how these multiples have changed from 2024 to 2025.
What is the difference between trading comps and transaction multiples for Digital Infrastructure Services Companies?
Trading comps look at how public markets value similar companies today, while
transaction multiples (or precedent transactions) look at the price paid in past M&A deals.
Transaction multiples often include a "control premium," typically resulting in higher valuations than trading comps.
Our database tracks both trading multiples and M&A transaction multiples.
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