The MGI BFC Index · Q3 2026

What is a Tunisian SME worth? The MGI BFC Index

The MGI BFC Index tracks the valuation multiples (EV/EBITDA) of Tunisian companies by sector. Estimated market median of 6.2× EBITDA in Q3 2026 — a proprietary, periodically updated benchmark for investors, acquirers and business owners.

The Index by sector (EV/EBITDA medians)

  • Technology / SaaS: 12×
  • Healthcare: 9×
  • Food & agribusiness: 7×
  • Energy & resources: 7×
  • Business services: 6.5×
  • Manufacturing: 6×
  • Retail & consumer goods: 6×
  • Tourism & hospitality: 6×
  • Construction: 4×

Professional MGI BFC estimates built from market comparables (including companies listed on the Tunis Stock Exchange), observed transactions and the firm's business valuation experience. These are indicative benchmarks: an actual valuation depends on each company's size, growth, revenue recurrence and specific risk.

Why it matters to foreign acquirers and investors

Entering the Tunisian market through an acquisition requires a reliable local price reference. International multiples do not transpose directly: market depth, financing conditions and country risk shape a specific local pricing environment. The MGI BFC Index anchors that reference sector by sector, and our transaction advisory team turns it into deal-ready valuations: multi-method valuation reports, financial due diligence and negotiation support.

Cite this index

The MGI BFC Index may be freely quoted with attribution. Suggested citation: "According to the MGI BFC Index (Q3 2026), Tunisian SMEs are valued at a median of 6.2× EBITDA." — MGI BFC, www.bfc.com.tn/en/sme-valuation-multiples-tunisia. Journalists and analysts: our partners are available for comment at contact@bfc.com.tn.

Go further: the foreign investor's guide to Tunisia · fundraising support · download Doing Business in Tunisia 2026 (PDF).