Public outdoor values have been increasing. The three US outdoor companies are valued at 4.4 times revenues and 14.2 times cashflow as the following table demonstrates.
| Enterprise Value/Revenue | March 2015 |
| Clear Channel Revenue Multiple | 2.83 |
| Lamar Revenue Multiple | 5.84 |
| Outfront Revenue Multiple | 4.65 |
| Average Revenue Multiple | 4.44 |
| Enterprise Value/Cashflow(EBIDTA) | March 2015 |
| Clear Channel | 11.70 |
| Lamar | 14.07 |
| Outfront | 16.94 |
| Average Revenue Multiple | 14.24 |
Private company outdoor values have averaged 4-6 times gross revenue and 8-10 times cashflow. I have seen some higher transactions recently, especially for static billboards in a great location which can be converted to digital. Sellers have been raising their asking prices to the 10-15 times cashflow but I have seen few small transactions at those prices.
