Comps Analysis help - European Companies

I'm trying to make a comps model from scratch on this French large-cap company - The European competitors I've selected are mentioned on the company's statement and have similar business/financial profiles. 

Just a bit confused on how to proceed when the stock prices of the companies are listed on US exchanges (Estee Lauder trades on NYSE) Do I convert everything into euros? 

4 Comments
 
 

You could. But at the end of the day you're really comparing multiples, so I don't think the currency matters per se unless you're dividing, say, an EV in euros by an EBITDA quoted in dollars, unless I'm mistaken.

 

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