Ralston Farmers Fuel and Oil, Inc.
How we got $80.7M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 29% 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 |
|---|---|---|
| RALSTON FARMERS FUEL AND OIL, INC. this business | $55.5M | — |
| CLEVELAND PETROLEUM PRODUCTS, INC. Cleveland · 72 employees | $234.3M | 0.2 mi |
| SPESS OIL COMPANY Cleveland · 46 employees | $167.9M | 1.7 mi |
| ELITE RESOURCES, INC Cleveland · 3 employees | $9.3M | 1.7 mi |
| BD OPERATING LLC Cleveland · 1 employees | $4.6M | 1.8 mi |
| BSO, INC. Cleveland · 8 employees | $32.5M | 1.8 mi |
| S & E RESOURCES INC. Osage · 2 employees | $5.4M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $58.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $40.4M |
| Estimate: the two combined (geometric mean) | $55.5M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $12.6M |
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 | $80.7M |
| Multiple for this size and industry | 6.4× |
| Value range | $42.5M – $110.5M |
| Revenue range | $36.5M – $63.3M |
| EBITDA range | $8.3M – $14.4M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingAmerican Heritage 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 Roles are as stated there and may be out of date.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
| American Heritage Bank PPP 2020, PPP 2021 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $212K | 15 |
| 1/22/2021 | second | $212K | 15 |
About Ralston Farmers Fuel and Oil, Inc.
Ralston Farmers Fuel and Oil, Inc. is a crude petroleum extraction company in Cleveland, Oklahoma. Its estimated annual revenue is about $55.5M, with roughly $12.6M of EBITDA. It has about 15 employees. Its estimated business value is $80.7M (likely range $42.5M–$110.5M).
Common questions
- Who owns Ralston Farmers Fuel and Oil, Inc.?
- The owner of Ralston Farmers Fuel and Oil, 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 Ralston Farmers Fuel and Oil, Inc. make?
- SeeBITDA estimates Ralston Farmers Fuel and Oil, Inc.'s annual revenue at about $55.5M (likely between $36.5M and $63.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ralston Farmers Fuel and Oil, Inc. worth?
- About $80.7M, roughly 6.4× its estimated EBITDA of $12.6M, typical for a crude petroleum extraction company its size. Likely range: $42.5M–$110.5M.
- How many employees does Ralston Farmers Fuel and Oil, Inc. have?
- About 15, as reported on its PPP loan.