Research
Notes & studies
Sector analyses, case studies and methodological notes.
20 September 2026
1 min read30 August 2026
1 min read
1 min read
Adjusting EBITDA: a Quality of Earnings method★
From reported earnings to normalised EBITDA: the five adjustments that most often move the price of a deal.
1 min read
Liquidation or going concern: setting the floor and ceiling of a negotiation
For a distressed target, two values frame any offer. A method to build and compare them.