Value a company against the ones it trades beside. Screen a peer set, calendarise it to a single date, build the enterprise value bridge, and read the multiples that come out.
A screen written in cells rather than in your head, and the median of the companies that survive it.
Twelve months to the valuation date, built out of a full year and two stubs.
From market capitalisation to enterprise value, and the three multiples it divides into.
A date window on deals that go stale, and the unaffected price the premium is measured from.
Four methodologies, one unit, and twelve cells that all reference something else.
A one-off gain in one peer, and the six-tenths of a turn it takes off your median.