Griffith Petroleum Services, Inc
How we got $448K
Based on 1 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▼ 13% 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 |
|---|---|---|
| GRIFFITH PETROLEUM SERVICES, INC this business | $955K | — |
| TRIMBLE WELDING INC Newcastle · 3 employees | $2.5M | 3.0 mi |
| TRI-CITY TRACTORS, LLC Newcastle · 7 employees | $3.8M | 3.1 mi |
| ATLAS ROCK BIT SERVICES INC. Oklahoma City · 12 employees | $10.4M | 7.3 mi |
| MID CONTINENT WELL LOGGING SERVICE INC. Norman · 46 employees | $34.8M | 7.5 mi |
| TRYTON TOOLS US INC Norman · 18 employees | $14.9M | 8.4 mi |
| PSC ENGINEERING LLC Oklahoma City · 2 employees | $1.5M | 8.6 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Industry revenue per employee | $558K |
| Revenue = employees × revenue per employee | $955K |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $172K |
| Cross-check: revenue implied by PPP payroll | $140K |
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 | $448K |
| Multiple for this size and industry | 2.6× |
| Value range | $212K – $637K |
| Revenue range | $565K – $1.1M |
| EBITDA range | $102K – $204K |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $3K | 1 |
| 1/27/2021 | second | $3K | 1 |
About Griffith Petroleum Services, Inc
Griffith Petroleum Services, Inc is an oil and gas field machinery and equipment manufacturing company in Newcastle, Oklahoma. Its estimated annual revenue is about $955K, with roughly $172K of EBITDA. It has about 1 employees. Its estimated business value is $448K (likely range $212K–$637K).
Common questions
- Who owns Griffith Petroleum Services, Inc?
- The owner of Griffith Petroleum Services, 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 Griffith Petroleum Services, Inc make?
- SeeBITDA estimates Griffith Petroleum Services, Inc's annual revenue at about $955K (likely between $565K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Griffith Petroleum Services, Inc worth?
- About $448K, roughly 2.6× its estimated EBITDA of $172K, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $212K–$637K.
- How many employees does Griffith Petroleum Services, Inc have?
- About 1, as reported on its PPP loan.