ETR or EMR in valuation

Can you please help me with next question: “For valuation purposes we use ETR (effective tax rate) or MTR (marginal tax rate)?”

6,323 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '29 Oct 2026 Cohort

5.00/5

Investment Banking Other

“Jonathan was a great mentor to work with. What stood out most was how specific he was. Instead of general advice, he gave me a real plan for my Evercore application: two short cover letters for M&A and Private Capital Markets, naming the associate I spoke with, and selecting “employee referral.” His resume edits, like rewriting the 400+ investor orders bullet and using stronger verbs with real numbers, made my experience much clearer. He also pushed me to apply by the deadline instead of waiting on the recruiter. Highly recommend him.”

Class of '29 May 2026 Cohort

5.00/5

Investment Banking Mock Interview

“Constantin was really good, he gave feedback right after each question instead of at the end which made it way easier to remember what i missed. questions were a good mix of medium to hard and he threw in trick ones like the land depreciation and gambling ring beta. when i was vague on the EV question he kept pushing til i got the full answer. his dividends vs buybacks explantion actually taught me something. also super helpful prepping me for my lazard screening call, the why lazard breakdown was great and he didnt mind going over time”

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ETR or EMR in valuation

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ETR or EMR in valuation

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