NTM vs LTM Exit Multiple
In an LBO, i've seen most modeling tests use LTM EBITDA when calculating the exit price whereas all the one's I've done for actual work has used NTM, is there a right one to use?
In an LBO, i've seen most modeling tests use LTM EBITDA when calculating the exit price whereas all the one's I've done for actual work has used NTM, is there a right one to use?
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