Asset Management – Valuation (Part 2 of 4)
Tom Spencer
MAY 25, 2019
EV/EBITDA is pre-leverage and is also considered by most equity analysts – but it needs to be adjusted for timing for deferred commissions and sales charges as they are real costs to the firm despite possibly not showing up in the current valuation period. P/E is a good representation of what flows through to the shareholder.
Let's personalize your content