Looking for a little help from some European monkeys. I'm looking at comps right now for an Italian software company and the sheet that I have has Enterprise Value multiples that are EV/Long-term sales, EV/Long-term operating income.
Does long-term operating income stand for EBIT or EBITDA? Haven't found anything on Google.
Appreciate any help!
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Might it mean accounts payable?
No, the multiples just don't match. The comps sheet just doesn't make distinction between EBIT and EBITDA by using the term LT operating income.
I would think it is EBIT.
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