Petroleum Instruments Co Inc
How we got $1.2M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 18% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PETROLEUM INSTRUMENTS CO INC this business | $3.2M | — |
| PETROLEUM EQUIPMENT COMPANY, INC Oklahoma City · 23 employees | $9.1M | 0.0 mi |
| ADVANCED SPRAY EQUIPMENT LLC Oklahoma City · 2 employees | $629K | 0.2 mi |
| Bachman Services Inc Oklahoma City | $1.7M | 0.4 mi |
| Aae Automation Oklahoma City | $1.7M | 0.4 mi |
| HYDRAULIC OUTLET LLC Oklahoma City · 5 employees | $1.3M | 0.5 mi |
| B & R PUMP & EQUIPMENT, INC. Oklahoma City · 14 employees | $4.9M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $3.2M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $395K |
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 | $1.2M |
| Multiple for this size and industry | 3× |
| Value range | $623K – $1.6M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $260K – $450K |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
People & advisors
Advisors
- BankingArvest BankPPP / 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $82K | 9 |
| 1/27/2021 | second | $64K | 5 |
About Petroleum Instruments Co Inc
Petroleum Instruments Co Inc is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $3.2M, with roughly $395K of EBITDA. It has about 9 employees. Its estimated business value is $1.2M (likely range $623K–$1.6M).
Common questions
- Who owns Petroleum Instruments Co Inc?
- The owner of Petroleum Instruments Co Inc 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 Petroleum Instruments Co Inc make?
- SeeBITDA estimates Petroleum Instruments Co Inc's annual revenue at about $3.2M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Petroleum Instruments Co Inc worth?
- About $1.2M, roughly 3× its estimated EBITDA of $395K, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $623K–$1.6M.
- How many employees does Petroleum Instruments Co Inc have?
- About 9, as reported on its PPP loan.