Musings on Markets

JULY 18, 2025

Net Debt to Equity = (Debt-Cash)/ Equity Debt to Capital = (Debt-Cash)/ (Debt + Equity) All of these ratios can be computed using accounting book value numbers for debt and equity or with market value numbers for both.

Start-ups 74

Start-ups Book Value Equity Marketability 74

Deal Law Wire

FEBRUARY 13, 2023

Direct acquisitions of control of a Canadian business by investors controlled from WTO member countries (WTO investors) that are not SOEs and not trade agreement investors will generally be subject to pre-closing review where the enterprise value of the Canadian business exceeds C$1.287 billion (up from C$1.141 billion in 2022).

Book Value 52

Book Value Enterprise Value 52

Musings on Markets

AUGUST 19, 2024

In 2022, I decided that I had hit critical mass, in terms of corporate life cycle content, and that the material could be organized as a book. In decline, multiples of book value will become more common, with book value serving as a (poor) proxy for liquidation or break up value.

Corporate Finance 123

Corporate Finance Finance Start-ups Dividends 123

Reynolds Holding

NOVEMBER 8, 2023

The January 2023 report ESG Performance and Enterprise Value: Do Firms with Stronger ESG Performance Have Higher Valuation Ratios? investigated the relationship between the ISS ESG Performance Score (a normalized version of the ISS ESG Corporate Rating ) and two valuation ratios from the ISS Economic Value Added (EVA) framework.

Enterprise Value 52

Enterprise Value Price to Book Marketability Book Value 52

Valutico

DECEMBER 15, 2022

Example: Here’s an example of a particular metric you might use: In order to determine the Enterprise Value of the business, you find the EBITDA from the business you’re valuing, and then multiply this by the EBITDA multiple observed from the other comparable companies. SaaS start-ups are valued at 10x Sales”.

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

DECEMBER 15, 2022

Example: Here’s an example of a particular metric you might use: In order to determine the Enterprise Value of the business, you find the EBITDA from the business you’re valuing, and then multiply this by the EBITDA multiple observed from the other comparable companies. SaaS start-ups are valued at 10x Sales”.

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

FE International

DECEMBER 31, 2021

At the time of writing, Facebook’s enterprise value is $527 billion. How to Value an Advertising Business. How to Value an Affiliate Business. How to Value an App. The investing context and criteria of each buyer can dramatically influence the perceived value of an asset. billion up to $6.8

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Business Valuation Precedent Transaction Analysis Start-ups 52