Valuation analysis
Valuation analysis across market methods, on one football field
Valuation software that does not make you choose a method before you have seen the evidence. NeuraCap runs trading comparables, forward multiples on consensus estimates, precedent transactions and the current market reference on a consistent basis, then puts them on a single football field chart so you can see where they agree, where they diverge, and why.
- EV/EBITDA
- EV/Revenue
- Forward multiples
- Precedent transactions
- Market reference
The story
Why a range beats a number, and why it has to be explainable.
Valuation analysis
One chart that reconciles every method
- The problem
- A valuation is rarely one number. Trading comparables, precedent transactions and the current market read give different answers, and they usually live in different spreadsheets owned by different people.
- Why it matters
- A range you cannot explain is a range you cannot defend. When a board asks why the transaction multiple sits above the trading multiple, pointing at a model is not an answer.
- In NeuraCap
- NeuraCap assembles the peer set and the transaction set, calculates each method on a consistent basis, applies the sector's primary valuation basis with EV/Revenue as a cross-check, and plots every method on one football field.
- What you get
- A football-field chart with a low, midpoint and high for each method, the multiples and the underlying peer or deal set behind every bar, and a written read on why the methods disagree.
- The decision it enables
- What the business is worth on today's evidence, which method to lead with in the room, and which assumption a counterparty is most likely to attack first.
- Trading comparables — EV/EBITDA
- Trading comparables — EV/Revenue
- Forward multiples on consensus
- Precedent transactions
- Current market reference
An illustration of how the chart is laid out: one row per method, each showing a low, midpoint and high on a shared enterprise-value axis. It is not a valuation of any company and carries no figures.
Methods
Five ways to read the same business.
| Method | What it answers | Where it is strongest |
|---|---|---|
| EV/EBITDA on trading comparables | What the public market pays today for each unit of operating profit in this business model. | Profitable businesses with a stable margin structure and a genuine listed peer group. |
| EV/Revenue on trading comparables | What the market pays for scale where profitability is early, reinvested or volatile. | Used as the cross-check on every sector, and as the lead basis where margins are not yet meaningful. |
| Forward multiples on consensus estimates | What the market is paying for next year rather than last year. | Businesses mid-transition, where trailing figures describe a company that no longer exists. |
| Precedent transaction multiples | What acquirers actually paid for comparable assets, control included. | Sale processes, board discussions and any question that ends in a change of ownership. |
| Current market reference | Where the security trades now, and how that compares with its own history. | Anchoring the range for a listed company, and framing the premium a buyer would need to pay. |
The peer set that drives the trading multiples is built in comparable company analysis, and the deal set behind the transaction bar comes from M&A precedent transactions. For a business with no listed equity, the same machinery runs through private company evaluation, using your figures as the input and public evidence as the context.
Rigour
What keeps the range honest.
A stated primary basis per sector
Each sector has one primary valuation basis, declared up front, with EV/Revenue carried alongside as a cross-check. The lead method is not chosen after the fact to suit the answer.
Plausibility gates
Multiples that fail a plausibility test are excluded rather than winsorised quietly. An implausible multiple is never plotted, so one broken denominator cannot drag a median.
Two independent sources
Figures are confirmed against two independent sources, with a 97.5% confirmation rate. Anything that does not reconcile is flagged in the analysis rather than averaged away.
Calculated, not asserted
Multiples, medians and percentiles are calculated metrics and are labelled as such, separately from sourced data and from the AI-assisted narrative that interprets them.
Limits
What a football field is, and what it is not.
- Nothing here is a recommendation to buy or sell a security.
- Nothing here is an offer or a solicitation.
- Nothing here is an appraisal or a fairness opinion.
- No fiduciary relationship is created by using the platform.
- Sourced data, calculated metrics and AI-assisted interpretation are shown separately, so you always know which of the three you are reading.
Where a person needs to stand behind the conclusion, NeuraCap advisory works from the same evidence base.
Proof
See it in the published research.
Industry valuation multiples
Every sector outlook sets out the trading range for the group and where the outliers sit. See the sectors we cover.
A single company, valued
The football field is the centre of every company report. See what a company report contains.
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