Insert Title

  • Author:
    Geoff Robinson
  • Level: 
    Intermediate to advanced
  • Study time:
    5 minutes
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Course overview
In valuation, clarity begins with knowing whose perspective a metric reflects. This video explores the critical distinction between equity-level and enterprise-level metrics—why it matters, how confusion arises, and the implications for both valuation and benchmarking. From EBITDA to net income, and from EV to market cap, analysts must align the numerator with the correct denominator and understand what stakeholders each metric serves.

Whether you’re comparing multiples across peers or building a DCF, understanding “who owns the metric” is essential for avoiding analytical mismatches and for interpreting the financial story the right way, from the right point of view.

What's included?

  • 1  video
  • Learn how to match the right metrics to the right stakeholders—and avoid valuation misfires.
  • Insights from a #1 ranked data-driven analyst

Who should watch this playlist? 

This video is essential viewing for corporate development teams, M&A lawyers, and investment banking professionals who regularly structure and negotiate acquisition deals. It's particularly valuable for junior team members who need to understand how protective provisions safeguard target companies during the sensitive phases of deal negotiations. While the concepts are relevant to anyone involved in M&A transactions, the video's focused treatment of PUSU deadlines will be most immediately applicable to professionals working in jurisdictions like the UK where these provisions are commonly employed in public company acquisitions.

Why TheInvestmentAnalyst.com?

We are the only training house that is able to bring top-ranked analyst experience into your classroom. We buck the trend. Most training businesses recruit junior ex-bankers to become their trainer. Our instructors cut their teeth teaching and then gain senior experience with investment banks.

We believe, you could not be in better hands.

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Geoff Robinson
FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 8x #1 ranked analysts EMEA Institutional Investor Survey
ABOUT Geoff
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 9x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to TheInvestmentAnalyst.com. 
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