Plug in a target's metrics and your peer-set median multiples. See implied share price across every standard methodology, with premium/discount to current price. The same framework I use for my own research notes.
| Methodology | Low | Mid | High | vs Mid |
|---|
Center cell (highlighted) uses your current peer median EV/EBITDA × your LTM EBITDA.
For each multiple, implied enterprise value = peer multiple × target metric. Implied equity value = EV minus net debt. Implied share price = equity value ÷ diluted shares. For per-share multiples (P/E, P/B), implied price = multiple × per-share metric directly.
The Football Field shows implied prices across every standard methodology. The "Median Methodology" headline is the median of the median-multiple implied prices — your central tendency across approaches. The premium/discount column tells you how cheap or rich a methodology says the stock is vs. the current price.
Through-cycle note for cyclicals. If your target is in semis, oil & gas, or materials, LTM multiples are misleading at peaks and troughs. Swap LTM EBITDA for mid-cycle EBITDA before applying peer multiples. The output then represents through-cycle fair value.
This is a clean, classroom-grade tool — useful for a quick read or stress-testing assumptions, not a substitute for a proper model with full financials. For the full IB-grade workbook, see the toolkit page.
Nothing on this page is investment advice. Built by Brandon Leon — independent research focused on cyclical industries.