Comparable Company Analysis Calculator

This Comparable Company Analysis (CCA) calculator helps you translate peer multiples into implied enterprise and equity values for a target company. It supports multiple methods: peer-average multiples, user-weighted blends, and post-blend adjustments for size, liquidity and control factors.

Use the tool to produce a reasoned valuation range, and follow the calibration guidance and caveats. The calculator is a modelling aid and does not replace formal due diligence, audited financial statements, or professional valuation opinion.

Updated Nov 8, 2025

Calculation method

Compute average peer multiples (EV/Revenue, EV/EBITDA, P/E) across provided comparables and apply to the target company's metrics to produce implied enterprise value, equity value, and per-share estimates.

Inputs

Target company: Revenue (most recent 12 months)

Min 0

Target company: EBITDA (most recent 12 months)

Min 0

Target company: Net income (most recent 12 months)

Min -999999999

Target company: Shares outstanding (basic)

Min 1

Target company: Cash & equivalents

Min 0

Target company: Total debt (net of cash not assumed)

Min 0

Number of comparables used (enter count of non-zero entries)

Min 1 · Max 6

Comparable 1: EV / Revenue (x)Comparable 1: EV / EBITDA (x)Comparable 1: P / E (x)Comparable 2: EV / Revenue (x)Comparable 2: EV / EBITDA (x)Comparable 2: P / E (x)Comparable 3: EV / Revenue (x)Comparable 3: EV / EBITDA (x)Comparable 3: P / E (x)Comparable 4: EV / Revenue (x)Comparable 4: EV / EBITDA (x)Comparable 4: P / E (x)Comparable 5: EV / Revenue (x) (optional)Comparable 5: EV / EBITDA (x) (optional)Comparable 5: P / E (x) (optional)Comparable 6: EV / Revenue (x) (optional)Comparable 6: EV / EBITDA (x) (optional)Comparable 6: P / E (x) (optional)Weight: EV/Revenue (relative)

Min 0

Weight: EV/EBITDA (relative)

Min 0

Weight: P/E (relative; used for equity-based estimates)

Min 0

Size adjustment (percent) — positive = premium, negative = discountLiquidity adjustment (percent) — positive = premium, negative = discountControl premium (percent) — positive number to increase price for control transactionsCalibration range width (percent above/below midpoint)

Min 0

Advanced inputs

Comparables — multiples entry

Number of comparables with valid data

Min 1 · Max 50

Average EV/Revenue multiple from peers

Min 0

Average EV/EBITDA multiple from peers

Min 0

Average P/E multiple from peers

Min 0

Weight for revenue multiple in blend

Min 0

Weight for EBITDA multiple in blend

Min 0

Weight for P/E multiple in blend

Min 0

Results

Updates as you type

EV from Revenue

$1,625,000.00

EV from EBITDA

$1,725,000.00

Share Price (EBITDA)

$17.25

Share Price (P/E)

$13.20

Output	Value	Unit
EV from Revenue	$1,625,000.00	currency
EV from EBITDA	$1,725,000.00	currency
Share Price (EBITDA)	$17.25	currency
Share Price (P/E)	$13.20	currency

Primary result$1,625,000.00

Visualization

Points

Methodology

Step 1: Populate target company financials and outstanding shares.

Step 2: Enter observed peer multiples (EV/Revenue, EV/EBITDA, P/E) for each comparable. If a comparable lacks a multiple, set that input to zero and reduce the number of comparables count accordingly.

Step 3: Choose a method: peer-average, weighted blend, or adjusted range. Weighted blends let you reflect relative reliability of each multiple type.

Step 4: Apply adjustments (size, liquidity, control) to calibrate the implied per-share price and produce a high/low range using the calibration percentage.

Expert Q&A

What inputs produce the most material impact on the implied valuation?

Peer multiples and the target company's EBITDA (for EV multiples) or net income (for P/E) typically drive the largest changes. Adjustments (size, liquidity, control) provide judgmental calibration and should be grounded in transaction evidence when possible.

How should I treat zero or missing multiples in comparables?

Set unused multiple fields to zero and enter the actual number of comparables with valid data in the 'Number of comparables' field. The calculator uses the provided count to compute averages; mismatched entries will distort results. For a robust approach, prefer medians when outliers exist and document exclusions.

Does the calculator guarantee an accurate market price?

No. This tool produces modelled estimates using user inputs and assumptions. Outputs are only as reliable as the inputs. Use this calculator for screening, sensitivity analysis, and hypothesis generation, not as a substitute for professional valuation reports, audited data, or market execution.

How should I set weights for the blended multiple?

Assign higher weight to multiples you consider more reliable for the company and sector (for example, EV/EBITDA for capital-intensive businesses). Ensure weights are positive and meaningful; the tool normalizes by the sum of weights provided in the blend method.

How do adjustments (size, liquidity, control) relate to regulatory or audit standards?

Adjustments are judgment-based and should be documented, supported by evidence, and consistent with applicable valuation guidance. Maintain model governance records for assumptions, scenario outputs, and sensitivity analyses to align with corporate risk and audit practices.

Sources & citations

National Institute of Standards and Technology (NIST) - Risk Management and Model Validation Guidance — https://www.nist.gov
International Organization for Standardization (ISO) — Guidance on Measurement and Uncertainty — https://www.iso.org
Institute of Electrical and Electronics Engineers (IEEE) — Standards for Software and System Documentation — https://www.ieee.org
Occupational Safety and Health Administration (OSHA) — Data governance and records guidance (context for audit trails) — https://www.osha.gov
U.S. Securities and Exchange Commission (SEC) — Disclosure and financial reporting requirements — https://www.sec.gov