Valuation Isn’t One-Size-Fits-All: Rethinking EV/EBITDA

Jul 18, 2025 · 6 min read · Ask any junior analyst or CFA candidate what multiple they’d use to value a company, and odds are they’ll say EV/EBITDA. And to be fair, it’s a solid starting point. It strips out the noise from capital structure, tax strategies, and depreciation pol...