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PRIVATE-EQUITY-BASICS4 MIN READ

Valuation Sanity Checks

Recall practical valuation sanity checks before trusting an entry or exit case.

mixed-card-deck comparison What is the EV/EBITDA sanity check? Ask whether enterprise value divided by maintainable EBITDA is reasonable for the target's growth, risk, cash conversion, and peer set. The multiple is only meaningful when EBITDA quality and business quality are comparable. Recall EV/EBITDA versus DCF: what does each pressure-test? Use multiples for market context and DCF logic for cash-flow consistency. Compare Someone says: "The DCF supports the price, so the multiple does not matter." Model review. Your line The DCF and the multiple should cross-check each other; if they diverge, we need to understand which assumptions create the gap. Do…

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