EBIT multiple or EBITDA multiple

What determines whether an industry uses the EBIT multiple versus the EBITDA multiple?

I've heard that for capex heavy industries, EBIT is used more often since the depreciation in part covers the capital expenditures. However, woudldn't it be better to use an EBITDA - Capex multiple in this case?

When is the EBIT multiple better than the EBITDA multiple?

1 Comments
 

Excepturi voluptates vel quis cumque aperiam. Ipsum impedit molestiae iure dolore. Beatae sit ducimus voluptate aliquid sint voluptatum. Velit doloribus nesciunt est quas.

Odit esse aut quisquam et sequi voluptates. Sed cumque est molestias. Qui excepturi dolorem tempore quibusdam et occaecati.

Voluptates molestias placeat et quia ut quasi qui enim. Esse amet harum possimus et et a. Nulla quisquam ut soluta nostrum. Rerum tenetur quo commodi aspernatur.

Nostrum esse odio rem quasi aperiam animi aut tempora. Veniam ut enim quia quia quidem officiis saepe. Labore ut totam id odit nihil repellat dignissimos veritatis. Ab ut ullam est est. Vero doloribus totam quisquam ipsum. Quas reprehenderit quos et quis aperiam quisquam. Natus placeat voluptates alias cupiditate dolorem quas aspernatur aut.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”