Chris Mercer

NOVEMBER 15, 2022

Atticus Frank will present tomorrow and talk about why market multiples differ between and among industries. It is essential to normalize the earnings of operating companies when providing appraisals either at the financial control/marketable minority level or the nonmarketable minority level. million (6 x $2.0

Business Valuation 52

Business Valuation Normalized Earnings EBITDA Appraisal 52

Class VI Partner

NOVEMBER 14, 2022

As a result, debt has become much more expensive for M&A market buyers relying on financing to execute deals. Average EBITDA multiples have consequently dropped in comparison to last year’s frenzied M&A period. Large strategic buyers with strong balance sheets and well-funded private equity groups have gained favor.

Equity 52

Equity Normalized Earnings Finance EBITDA 52

Class VI Partner

JULY 28, 2021

Adjusted Net Book Value Adjusted Net Book Value is the Book Value of a business that has been adjusted to reflect the current market value of the assets and liabilities of a company. what is the value of an asset as listed on the company’s accounting records), or the fair market value of a specific asset or group of assets.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52