Yes, absolutely. Dollar for dollar, you’d be hard-pressed to find a better bang for your buck in the world of everyday gear. While fancy pocket knives are fun, multitools offer a wealth of utility in addition to cutting power.
And if your budget allows, this is one area where you’ll be rewarded by spending a bit more. The gap in quality of materials and construction between a full-size $40 multitool and a $120 Leatherman Wave+ is vast.