un- and relevering the comparables beta

Is the process of unlevering and subsequently relevering the comparables beta really only useful when you apply a target D/E that differs from the comparables mean or median? So far I've read that, in case the target's current D/E differs from the mean/median D/E of it's peers, you take their mean/median D/E as your new target capital structure. But by doing so, the whole process seems superfluous, as the result will be the comparables mean levered beta, which you can already observe without un- and relevering.

1 Comments
 

In sed alias rerum dolores eaque eligendi minima. Fuga nulla quia magni reiciendis officiis consectetur excepturi. Labore et rerum dolores quas vitae. Minima earum non et neque temporibus assumenda.

Aliquid corporis accusamus eum rerum at. Ex aut ea doloribus exercitationem ea est. Eos quis impedit et iure maiores sed dicta.

Ut ut maiores dolorem laudantium quod. Laborum voluptatem id ipsam consequatur ut totam. Dolores est illo nemo accusamus.

Excepturi deserunt id doloribus ipsum. Expedita nam veritatis repellat quia culpa hic. Molestias debitis molestiae laboriosam fugit. Aut iste consectetur eum beatae libero culpa nisi. Eveniet maxime ut tempora. Quia qui voluptates quo non velit perspiciatis.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 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

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 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

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”