Remove Corporate Finance Remove EBIT Remove EBITDA Remove Risk Premium
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Data Update 1 for 2023: Setting the table!

Musings on Markets

By the same token, it is impossible to use a pricing metric (PE or EV to EBITDA), without a sense of the cross sectional distribution of that metric at the time. Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

In my corporate finance class, I describe all decisions that companies make as falling into one of three buckets – investing decisions, financing decision and dividend decisions. Equity Risk Premiums 2. Financing Flows 5. EBIT & EBITDA multiple s 5. Buybacks 2. Ratings & Spreads 2.