Understood, I stay away from using an arbitrary PE multiple for valuing a company, rather I tend to look at where the market is pricing competitors and use that. I feel it is more accurate/realistic
Agree that 10x is not offensively high, it's probably a fair multiple. Was moreso asking whether there was a science behind reaching a multiple of 10x or not
Talga TLG - General Discussion, page-347
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| Open | High | Low | Value | Volume |
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