Valuation anchors: three reference multiples
A premium quality multiple, a hypergrowth multiple and a transaction anchor: three comps we keep at hand and when each one applies.
Premium quality multiple
Ferrari, ~31–32x LTM EV/EBITDA
Luxury-like economics: EBITDA margin ~38% and net margin ~22%, supporting a scarcity premium.
Hypergrowth multiple
NVIDIA, ~50x trailing P/E, ~39x forward
Early 2025 snapshot. Useful as a comp when growth durability and reinvestment runway are exceptional.
Transaction anchor
Disney and 21st Century Fox, $71B cash and stock
A clear precedent for content scale versus DTC strategy, handy when valuing media IP libraries and DTC pivots.
Informational content only. Not investment advice.