NDIS providers
How much is my NDIS business worth?
Your NDIS business is worth the earnings it can sustain once the owner is paid a market salary for the work they do in it, capitalised at a rate reflecting the risk of those earnings continuing under a new owner. The risk assessment does most of the work here, because nearly every support is subject to a maximum price set by ministerial pricing determination and the rules move on published dates.
No multiples published. The reasoning is, in full.
What the answer depends on
The three things that move the number most
Reported profit is a weaker signal here than in any other sector, because the rules under which it was earned may already have changed.
How concentrated the participants and support categories are
Revenue comes from participant plans split into support categories and items, each with a price limit that is a maximum price rather than a set fee. Concentration therefore matters more than volume. The National Disability Insurance Agency (NDIA) reported an average annualised plan budget of $488,200 for participants in supported independent living at 30 June 2026, so a provider running a few homes may draw most of its revenue from a handful of participants. Dated changes compound that: from 1 October 2026 budget allocations for social, economic and community participation supports (previously called social, civic and community participation) are reduced by 50 per cent for new plans and reassessments, although the Department of Health, Disability and Ageing notes that a participant's spending will not necessarily fall by the same percentage.
What happens to the registration when the business changes hands
A registration belongs to one ABN, and the NDIS Quality and Safeguards Commission states that once linked, that ABN cannot be updated or amended. Sell the assets rather than the entity and the buyer needs its own registration across the same registration groups, which means an audit: verification for lower risk supports, or certification against the NDIS Practice Standards for higher risk supports. In a share sale the entity and its ABN continue, so the registration stays with the business, but for changes of ownership from 1 July 2026 the Commission requires notification and, where a certification group is held and governance changes significantly, a condition audit started within three months. Registration is not goodwill; it decides who can buy at all.
Whether the labour margin survives paying wages properly
Most support workers are employed under the Social, Community, Home Care and Disability Services Industry Award, and labour is the dominant cost against a price the provider cannot raise. The Fair Work Ombudsman states that minimum award wages rose 4.75 per cent from the first full pay period on or after 1 July 2026, and the Australian Taxation Office now requires super guarantee contributions to reach the employee's fund within seven business days of payday. Sleepovers and active nights, penalty rates, broken shifts and agency use then decide whether the margin holds in practice.
Higher or lower
What would move your number up, and what would move it down
Pushes the number up
- Revenue spread across many participants, several support categories and more than one referrer.
- Registration held in the entity being sold, with a clean audit history.
- Rosters, incident systems and participant records that run without the owner.
- A management layer in place, so the owner is not also the service delivery manager.
- Claims lodged promptly and paid, with few held or rejected.
Pushes the number down
- Most revenue drawn from a handful of participants, or from one support coordinator.
- Earnings weighted to a support category facing a dated allocation reduction.
- An owner who holds the referral relationships, builds the roster and manages incidents personally.
- Compliance history including regulator correspondence, conditions or a poor audit outcome.
- An asset sale that leaves the buyer to obtain registration and pass an audit before trading.
The evidence
What sets the number, in practice
The analysis works from revenue by participant, support category and referrer; plan end dates and budget utilisation, which the NDIA put at 74 per cent for the six months to 31 March 2026; the registration certificate and audit reports; incident registers; rosters and payroll; and normalised financial statements.
Historical trading is repriced rather than accepted, because pricing settings and item codes move on dated steps: the NDIS pricing schedules now in force took effect on 24 September 2026 under the first pricing determination made by the Minister for Disability and the National Disability Insurance Scheme, so periods either side of a pricing change are not comparable. Compliance history is part of earnings quality: the Minister for the NDIS reported 111 banning orders in the June 2026 quarter, with 229 registrations refused and 453 revoked. A buyer prices that history because they inherit it.
Where the line is
Why there is no multiple on this page
A capitalisation multiple is the inverse of the return a buyer requires for the risk of earnings continuing, and NDIS earnings carry a risk profile that changes on gazetted dates rather than with the trading cycle. A figure that fairly described a provider under one year's pricing arrangements can be plainly wrong a quarter later, without anything inside the business changing.
There is a second problem specific to this sector. A published multiple invites an owner to apply it to reported profit, and reported profit here is frequently produced by rosters and travel assumptions that would not survive scrutiny, or by an owner working unpaid across delivery, coordination and on-call. Capitalising that figure capitalises a cost the buyer starts paying on day one.
What it costs to find out
A fixed fee, published before you ask for it
A full valuation report is a fixed fee set by the annual revenue of the business being valued: $1,495 plus GST at the smallest band and $3,495 plus GST for revenue of $3 million to $10 million. Above $10 million the fee is quoted in writing. An expert report for a dispute between owners is priced separately on its own bands. Every fee is agreed in writing before work starts and never depends on the conclusion reached.
Valuation report
- Up to $2 million
- $1,495
- $2 million to $3 million
- $2,495
- $3 million to $10 million
- $3,495
- Above $10 million
- Quoted in writing
Expert report
- Up to $10 million
- $4,495
- Above $10 million
- $16,950
Every fee above is fixed and quoted plus GST, and is agreed in writing before any work starts. Bands are set on annual revenue. A business sitting exactly on a boundary pays the lower fee. See the full fee schedule
Go deeper
Read the full analysis
- Sector pageNDIS business valuationsThe complete treatment: methods, earnings adjustments, sector risks, value drivers, the information required and detailed FAQs.Read
- MethodologyHealthcare business valuation methodsHow maintainable earnings, capitalisation, discounted cash flow, net assets and market evidence each work, and when each applies.Read
FAQs
NDIS business valuation questions
How much is my NDIS business worth?
It is worth the maintainable earnings the business can sustain once the owner is paid a market salary for the work they actually do, capitalised at a rate reflecting the risk of those earnings continuing under a new owner. That means repricing historical periods to current pricing arrangements, testing the labour margin against award rates and real rostering, and removing one-off items.
Does my NDIS registration transfer when I sell my business?
It depends on the structure. A registration is linked to one ABN, and the Commission states that once linked, that ABN cannot be updated or amended. In a share sale the entity and its ABN continue, so the registration stays with the business, subject to notifying the Commission. In an asset sale the buyer must obtain its own registration and pass the applicable audit before delivering those supports.
Why is my NDIS business worth less than its profit suggests?
Most often because the profit includes work the owner is not paid for, or a labour margin that would not hold if rosters, travel and supervision were funded properly. Concentration is the other common reason: where most revenue comes from a few participants or one referring support coordinator, a buyer prices the possibility of losing them.
What is an SDA property entity worth?
Differently from an operating provider, and the two should not be combined without care. Where value sits mainly in specialist disability accommodation dwellings, a net assets approach is often the primary method, with the enrolments, design category and vacancy history examined. Where one group holds both a property and an operating business, the valuation separates them and avoids double counting.
How much does it cost to find out what my practice is worth?
A full valuation report is a fixed fee set by the annual revenue of the business being valued: $1,495 plus GST at the smallest band and $3,495 plus GST for revenue of $3 million to $10 million. Above $10 million the fee is quoted in writing. An expert report for a dispute between owners is priced separately on its own bands. Every fee is agreed in writing before work starts and never depends on the conclusion reached. The full schedule, including the additional entity fee for groups that trade through more than one entity, is published on the pricing page.
Make your next decision with a clear understanding of value.
Tell us about your healthcare business and the purpose of the valuation. We will confirm the appropriate scope, information requirements, timeframe and the fee band that applies.