Four Decades Of Data Show EBITDA Is The Best Valuation MetricRupert Hargreaves
Mirror, mirror on the wall, which is the best valuation metric of them all?
I think that, every time you saw the word EBITDA [earnings], you should substitute the word “bullshit” earnings. – Charlie Munger
Charlie Munger famously isn’t a fan of EBITDA earnings, but if a new research paper from Columbia Business School is to be believed, investors should not be so quick in disregarding this financial metric.