Comparable-Company Valuation · 2025

Value a firm by adjusted multiples

Enter a ticker. The estimator takes the firm's size-and-industry peers, adjusts each peer's EV/EBITDA multiple for how it differs from the target on operating characteristics (m_j × expΣ_k[g_k(x_i)−g_k(x_j)]), and takes the median of the adjusted peer multiples as the fair multiple. Pick a peer to see its adjustment built up characteristic by characteristic.

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Fair value from the interpretable (rung 1) adjusted-multiple estimator: additive appraisal curves g_k fit on 2001–2025 positive-EBITDA U.S. firms, applied to the 2025 cross-section. Peers are the leave-one-out group of same-industry firms within a factor of two of the target's market cap. Industry is handled by matching (a marks a same-sub-industry peer), so the additive curves carry the adjustment. Illustrative; not investment advice.