I’m sure others know better than I do here but I think it depends on the sector & forecast ... 15x , 3x 10x .... I figure, if I were an enterprise producing X revenue, what would I value myself at? How much of the business is reliable future value on top of what I’ve got now ....
I think lots goes into deciding on where to cherrypick from ... but we ihubbers just do our best guess I guess :)
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