How to Value Your Stocks on an EBITDA Multiple

If you're a middle market company or have the profile of one of these companies that we include in the middle market index, presumably you're more likely to be valued on an EBITDA multiple. So it walk us through the various indices and how they performed and what you learned as you started to look at actual stock performance against the benchmarks. How did the stocks perform over the last 20 years? And starting with a very dramatic drop in performance in 2003, 2004. The early 2000s were a big slog.