Foreign firms for domestic firm BETAs
Ok...working on a deal...using Enterprise Value/EBITDA as part of the valuation...
Heres my question...
the company is an Indian company....and i couldn't really find any others like it in the country that are public. I did find some in the US that are public.
Is it appropriate for me to use these foreign firms as part of my valuation to find Beta etc....? Obviously i will adjust for debt levels and the like...but still...conceptually...is this a legitimate way to do it?
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