Value strategy
Low EV/EBITDA
Rank on cheapest enterprise-value-to-EBITDA — a valuation lens that's neutral to debt load and accounting choices, the way acquirers themselves value a business.
1–2 years per holdingIntermediate
Modern value/M&A practice — foundational to enterprise-value-based valuation (corporate finance and private-equity/LBO methodology); closely related to Joel Greenblatt's EV/EBIT in the Magic Formula