对于理解概念很有用，也顺带赚点小钱，呵呵。

VALUE/EBITDA MULTIPLE
What is it?


Value: Market Value of Equity + Market Value of Debt + Market Value of Other Securities

EBITDA: Earnings before interest, taxes and depreciation

The No-Cash Version


Value: Market Value of All Securities - Cash & Marketable Securities

EBITDA: Earnings before interest,taxes and depreciation - Interest Income from Cash & Marketable Securities