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— Practice finance

Eight calculators, one way of working

Each one models the thing that actually decides the price in its own sector — chair time, contracts receivable, fee compression, technician hours. Underneath, they share a spine: profile, five-year history, earnings normalization, projections, valuation and adviser notes.

Learn one and you can use all of them.

Medical practices

Priced on assets and consolidators

Equipment, operatories and chair time set the ceiling, and a payor mix somebody else controls sets the rate. The buyer pool includes private equity, which is why an EBITDA multiple anchors the valuation and why the same practice can be worth materially more to a platform than to the associate down the hall.

Medical practice11 tabs

Physician practices of any specialty. Encounters, payor mix and provider compensation, with the collection rate that turns production into cash.

  • Payor mix and collection rate
  • Provider compensation to market
  • CRE and equipment debt
  • Consolidator-grade valuation
Open the calculator →
Dental practice11 tabs

General and specialty dentistry. Operatories and hygiene days set the ceiling, and case acceptance decides how much of it you fill.

  • Operatory and hygiene capacity
  • PPO versus fee-for-service
  • Working capital and debt
  • DSO benchmark comparison
Open the calculator →
Orthodontic practice10 tabs

The one practice type where the balance sheet is the business. Contracts receivable run years, and the down-payment share decides who is financing the patient.

  • Case starts and contract value
  • Contracts receivable ageing
  • Down-payment share
  • Owner comp against market
Open the calculator →
Optometry practice13 tabs

Exam lane and dispensary together. Two businesses under one roof, and a buyer prices them differently.

  • Exam capacity and capture rate
  • Optical dispensary margin
  • Vision plan versus medical
  • CRE and equipment loans
Open the calculator →
Veterinary practice11 tabs

Companion animal practice. DVM production, wellness plans as recurring revenue, and the consolidator multiples that reshaped this sector.

  • Production per DVM
  • Wellness plans as recurring
  • CRE and equipment debt
  • Consolidator multiple range
Open the calculator →
Professional services

Priced on people and what transfers

The value walks out at six o’clock. Revenue multiples and client retention dominate, the buyer pool is usually other practitioners, and in law Rule 1.17 removes non-lawyer capital entirely — the structures that transformed dental and veterinary valuations are simply not available. Fee-based businesses with no asset base to fall back on: what a buyer purchases is the relationships and whether they stay.

CPA firm10 tabs

Compliance transfers, advisory partly, project work barely. The revenue mix decides the multiple more than the margin does.

  • Revenue multiples by service type
  • Realization and seasonality
  • Partner compensation to market
  • The payout structure
Open the calculator →
Law firm10 tabs

Hourly, contingency and flat fee valued separately, because only two of them transfer. Rule 1.17 constrains who can buy at all.

  • Practice mix by fee type
  • Case inventory at expected value
  • Hourly economics and realization
  • Rule 1.17 constraints
Open the calculator →
RIA practice9 tabs

AUM, fee compression and flows. A book can post record revenue while the rate it charges falls every year, and the second fact is the one that carries forward.

  • Effective fee and compression
  • Net flows against markets
  • Client concentration and age
  • Five-year AUM projection
Open the calculator →
Looking for HVAC, restaurant or manufacturing? Those are industrial and operating businesses, not practices, and they are priced on capacity, equipment and working capital rather than on a client list. They live under industrial finance.

What every one of them does

The sector-specific part is the top half. Underneath, the method is the same, and it is the method a buyer’s accountant will test.

Every calculator carries the same spine
Business profile, five-year history, earnings normalization, projections, valuation and adviser notes. Learn one and you can use all of them.
Normalization is its own step, deliberately
The history tab is what was filed. Normalization is what a buyer will accept, and the two are kept apart because conflating them is how an add-back gets struck.
The history reconciles to the model
Every calculator states the step between the last completed year and the current-year model, and flags it when a buyer would challenge it.
Exagium Scan reads the returns
Upload filed returns and the figures are extracted, reviewed with a confidence score, and written only after you confirm them.

The guides behind the numbers

A calculator gives you a figure. These explain what a buyer will do to it.

Current as of August 2026. These tools produce estimates on figures you enter, not valuations, appraisals, or legal, tax or accounting advice, and neither ExitAdviser nor any adviser using them warrants them as such. Multiples and benchmark ranges shown are conventions rather than market observations; record your own source. ExitAdviser is operated by Simplifying Calculation LLC, a Delaware limited liability company. · exitadviser.com/terms