Valutico

MAY 19, 2025

While the nuances differentiating EBITDA and adjusted EBITDA might appear subtle, they play a critical role in financial evaluations, particularly during M&A due diligence or when assessing companies with unusual financial events. One-time gains or losses: Expenses or income events that are not recurring and unusual in nature (e.g.,

EBITDA 52

EBITDA Enterprise Value Capital Structure EBIT 52

Musings on Markets

FEBRUARY 18, 2025

While I was working on my last two data updates for 2025, I got sidetracked, as I am wont to do, by two events. The first is that if markets are efficient, the price to book ratios will reflect the quality of these companies. Even with this very simplistic example, there are useful implications.

Equity 52

Equity Book Value Marketability Start-ups 52

Musings on Markets

MAY 24, 2021

In the graph below, I look at the 10-year US T.Bond rate and the 10-year TIPs rate on a monthly basis, going back to the start of 2003, when TIPs started trading: The advantage of using interest rates to forecast inflation is that it not only is constantly updated to reflect real world events, but also because there is money riding on these bets.

Treasury 55

Treasury Start-ups Risk Premium Price to Book 55

Musings on Markets

MAY 7, 2023

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.). The other was that the bank regulatory framework operated effectively , preventing banks from overreaching on risk or being under capitalized.

Banking 86

Banking Price to Book Dividends Book Value 86

Musings on Markets

MARCH 19, 2022

To the extent that crypto holdings may be more difficulties for authorities to trace and lay claim on, it will be interesting to see if you see a rise in the prices of crypto currencies as Russian wealth looks for sanctuary. to 25% for the Eurozone. as of March 16, 2022.

Start-ups 100

Start-ups Risk Premium Equity Market Capitalization 100