Any Reason for Choosing P/E over EV/EBITDA
So, I understand PE and EV/EBITDA give different results, subject to/neutral to capital structure, EBITDA multiple normalizes taxation and accounting policies that manipulate earnings, and you don't use PE when E is negative or unstable. You want to use PE if you're valuing a financial institution.
Is there anything else that will make you choose one multiple over the other? Especially PE over EBITDA multiple?
To put it simpler, for a boring normal company, non-cyclical, it seems like most guys prefer to use EBITDA multiple to value it. But can't you just use PE to get the Equity Value and then work back to get Enterprise Value?
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