How we got $367K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 4% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| JORDAN FORMBY this business | $466K | — |
| DAVECO LLC Oklahoma City · 2 employees | $684K | 0.3 mi |
| DAVID BLAIN PINSON LLC Oklahoma City · 1 employees | $538K | 0.3 mi |
| DEEP FORK AUTOMATION LLC Oklahoma City · 2 employees | $792K | 0.4 mi |
| PACKARD PRODUCTION LLC Oklahoma City · 1 employees | $450K | 0.7 mi |
| ELK CREEK RESOURCES LLC Nichols Hills · 1 employees | $739K | 0.8 mi |
| SWC PRODUCTION INC Nichols Hills · 4 employees | $2.2M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $471K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $355K |
| Estimate: the two combined (geometric mean) | $466K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $183K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $367K |
| Multiple for this size and industry | 2× |
| Value range | $193K – $502K |
| Revenue range | $306K – $531K |
| EBITDA range | $121K – $209K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingThe Citizens Bank of EdmondPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| The Citizens Bank of Edmond PPP 2021 | All 502 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/30/2021 | second | $9K | 1 |
About Jordan Formby
Jordan Formby is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $466K, with roughly $183K of EBITDA. It has about 1 employees. Its estimated business value is $367K (likely range $193K–$502K).
Common questions
- Who owns Jordan Formby?
- The owner of Jordan Formby isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Jordan Formby make?
- SeeBITDA estimates Jordan Formby's annual revenue at about $466K (likely between $306K and $531K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Jordan Formby worth?
- About $367K, roughly 2× its estimated EBITDA of $183K, typical for a oil & gas company its size. Likely range: $193K–$502K.
- How many employees does Jordan Formby have?
- About 1, as reported on its PPP loan.