In general no. The turnover of a business is important but the value normally comes down to the profitability. There are some edge cases where turnover is important, e.g. in fast growing businesses experiencing exponential growth where increasing turnover is more important than profitability for now. But it is very rare that turnover is used as a valuation mechanism rather than profits, as at the end of the day a buyer is wanting to buy your business as it will make them money in the long term and profitability is at the end of the day what makes the new owner money not turnover.
In some cases, turnover can have a small impact on the valuation, as a business with greater turnover usually has a greater ability to increase profit on a pure numbers basis, but if it does have an effect it will on a base valuation reached by looking at the profitability.