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Explain the table about Market Valuation Table 3.4 Calculation of the EV/EBIT Multiple ($ Million) Value Price per share ($) 5.0 Total outstanding shares (million)

Explain the table about Market Valuation

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Table 3.4 Calculation of the EV/EBIT Multiple ($ Million) Value Price per share ($) 5.0 Total outstanding shares (million) X 10. 0 Market value of equity 50.0 Add: Interest-bearing debts 20.0 Less: Cash and bank balances (2.0) EV 68.0 EBIT 5.5 EV/EBITDA (times) (round up) 10.5

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