Data Update 1 for 2024: The data speaks, but what does it say?
Musings on Markets
JANUARY 5, 2024
Thus, I have treated leases as debt in computing debt ratios all through the decades that I have been computing this statistic, even though accounting rules did not do so until 2019, and capitalized R&D, even though accounting has not made that judgment yet. EBIT & EBITDA multiple s 5. Standard Deviation in Equity/Firm Value 2.
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