okay, i have a general questions about multiples. when do you use historical values and when do you use projections?
For example, if I wanted to calculate/ , Do I use the current EV but use projected EBITDA? Shouldn't it be current divided by current for the current multiple and projected/projected for the projected multiple?
I'm just confused because the BIWS video uses the current EV but uses historical/projected EBITDA for historical/projected multiples...
So when someone says so-and-so stock is currentlyat 10x EBITDA, which EV and EBITDA is it using? current, historical, projected?
I would really appreciate the helppp!!
Thanks in advance!