E78 Partners

JUNE 12, 2025

In today’s competitive and high-cost market, sponsors rely on margin expansion to drive higher valuations and prepare portfolio companies for exit. They optimize shared services, launch digital transformation efforts across portfolio companies, and enhance unit economics through data-driven pricing and supply chain adjustments.

Prioritization 52

Prioritization Accounts Payable Leadership Budgeting 52

CFO Strategic Partners

APRIL 14, 2025

Ultimately, lack of financial know-how can leave you unprepared for shifting economic conditions that could undermine revenue and growth. EBITDA measures operational earnings (not capital investments), and it is often a better profitability benchmark than net income.

Mergers and Acquisitions (M&A) 40

Mergers and Acquisitions (M&A) Leadership Auditing Valuation 40

CFO Talks

JANUARY 30, 2025

His approach involves working backward from desired outcomes, such as an EBITDA goal or exit valuation, and breaking these down into actionable steps and KPIs. For instance, if the goal is to grow and exit, we work backward from the desired valuation. What EBITDA profitability does the company need at the expected valuation multiple?

Communication 52

Communication CFO Valuation Construction 52

Centage

SEPTEMBER 5, 2023

The current economic climate is causing profound challenges for business owners across industries. Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Benchmark your industry before looking at your profitability so you know what to aim for. But how much are they really worth?

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Benchmarking Valuation 98

Nerd's Eye View

JUNE 27, 2023

In this episode, we talk in-depth about how, in 2022, Eric and his wife Kali faced a tumultuous year the firm dipped from $600,000 to $500,000 of revenue run rate in just the first few months and because it coincided with the arrival of their first child they didn’t have the bandwidth and capacity to adapt, how, to help with capacity constraints, (..)

Valuation 86

Valuation Benchmarking Communication Leverage 86

Barry Ritholtz

APRIL 29, 2025

You get a bachelor’s in economics from Colgate and then an MBA in finance from NYU Stern. I was an economics and English major. We learned everything, you know, across from accounting to auditing to, to tax and valuation. It seemed like the perfect match of asset and liabilities until real estate valuations bottomed out.

Concentration 52

Concentration Investments Benchmarking CFO 52

Centage

SEPTEMBER 5, 2023

The current economic climate is causing profound challenges for business owners across industries. Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Benchmark your industry before looking at your profitability so you know what to aim for. But how much are they really worth?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Benchmarking Valuation 52

Barry Ritholtz

MARCH 20, 2024

For example, you can see what’s the biggest drawdown, how long did it last, how long and how often did a strategy beat its benchmark, and by what magnitude. Barry Ritholtz : So let’s break that into two halves, starting with valuation. Explain why P/E isn’t the best way to measure valuation.

Investments 64

Investments Benchmarking Valuation Math 64

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post.

Investments 98

Investments Currencies Treasury Hurdle Rate 98

Jedox Finance

APRIL 12, 2023

When focusing on growth ambitions, organizations must consider the variables that affect hiring and deploying a high-performing workforce, including economic uncertainty, talent shortages, and hybridized workplaces. That agility and flexibility is important as markets go from bullish to bearish, resulting in falling valuations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Budgeting Benchmarking 52

Barry Ritholtz

AUGUST 16, 2022

RITHOLTZ: And last question about the various teams, does everybody have a different benchmark? How do you contextualize the economic data and the broad stamp recession when you’re thinking about managing risk? How does this impact global trade and other economic factors? How do you track performance? TROPIN: Yeah.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Marketing 122

Barry Ritholtz

SEPTEMBER 3, 2024

A bachelor’s in economics from Northwestern and then an MBA from University of Chicago. And so I kind of leveraged that when I went to Morningstar because they’re very focused on quality, the whole concept of economic moats, but also about buying companies when they’re trading at a discount to intrinsic value.

Investments 59

Investments Valuation Concentration Marketing 59

PYMNTS

JUNE 30, 2016

But what he’s found to be the most interesting in talking to who’s on the ground, is the differences in how people voted based on their age or economic status. In the very near future these companies may see the valuation of their businesses diminish, capital requirements change and even more investors looking to invest in the E.U.

Currencies 41

Currencies Benchmarking eCommerce Valuation 41

Barry Ritholtz

FEBRUARY 6, 2024

Its index and its benchmark. There’s also quantitative metrics that we look at Those have evolved, but always within that capa, that cluster of high returns on investment stability across the economic cycle are consistent and strong balance sheets. a year, way over both. It’s in the top 1% of its peers. In 2000, right.

Valuation 52

Valuation Investments Finance Math 52

PYMNTS

MAY 18, 2018

The scale of the proposed transaction, and therefore the quantum of its economics, is wholly different from those we’ve already signed,” the executive said, noting that Kroger was in the best position to be successful in the U.S. In the middle of it all, the company is looking to raise $10 billion with an implied valuation of $160 million.

Construction 40

Construction Benchmarking Retail Valuation 40

Barry Ritholtz

AUGUST 15, 2023

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? 14, 15% a year? RITHOLTZ: Right.

Investments 52

Investments Benchmarking Marketing Treasury 52

Barry Ritholtz

NOVEMBER 21, 2023

You know, I think of like a Mike Spies or at Sutter Hill, you know, a Martine Cado and Andreessen, you know, Gurley when he was at Benchmark. It was about $170 million valuation. It’s 00:52:47 [Speaker Changed] A tough benchmark to beat. There are world class partners of ours in Silicon Valley. We are all analysts.

Investments 98

Investments Marketing Startups Accounting 98

Barry Ritholtz

FEBRUARY 17, 2025

But when you look at emerging markets and when you look at value, the opportunity for alpha is much, much greater than it is in traditional large cap growth stocks in the US And a lot of managers in that space actually beat their benchmark. So I decided to become an economics major and a psychology minor. Christine Philpots.

Investments 59

Investments Economics Marketing Benchmarking 59

Barry Ritholtz

OCTOBER 31, 2023

The best example I always love to give is that Amazon’s last private round was at a $60 million post money valuation. Post money valuations until the market has changed dramatically. 00:15:29 [Speaker Changed] That’s your benchmark, correct? So, so let’s talk a little bit about valuation.

Investments 64

Investments Marketing Numbers Valuation 64

CFO Strategic Partners

MAY 29, 2025

Issue: Capital Allocation and Cash Flow Resilience Ask Yourself: Is our liquidity strategy agile enough to withstand economic shocks? In times of economic uncertainty, CFOs must scrutinize capital project commitments and cash flow strategies to protect the business from unfavorable conditions.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leadership Prioritization Auditing 52

Barry Ritholtz

AUGUST 29, 2023

So a variety of risk meetings, a variety of economic meetings. They create the benchmark. So when there’s a major turnover like that that happens, you always have the option, “Hey, can you do it exactly on the time that it enters the benchmark? So, our active team has been successful outperforming their benchmarks.

Investments 52

Investments Benchmarking Valuation Construction 52

CFO News Room

DECEMBER 17, 2022

To help determine an appropriate fee, advisors can then look to various benchmarking studies , which can provide industry-wide fee data , as well as information on specific fee structures and geographic areas that can help a firm owner tailor their fee. sequence of return risk ). Gregg Greenberg| InvestmentNews).

Planning 130

Planning Education Investments Benchmarking 130

Barry Ritholtz

OCTOBER 24, 2022

So I leave the Bureau of Labor Statistics and I move into economic consulting. And how do we think about them from a valuation perspective? NORTON: Concentrated portfolios or willing to stick our necks out and look different than a benchmark. That’s very funny. NORTON: Right. And so you can think of that.

Investments 52

Investments Valuation Benchmarking Marketing 52

Barry Ritholtz

AUGUST 20, 2024

And the advice that he gave to David Einhorn about it that helped lead Einhorn to start really kicking the benchmark’s butt again for the past couple of years. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments. It pushes valuations higher over time.

Concentration 69

Concentration Marketing Valuation Investments 69

CFO News Room

FEBRUARY 2, 2022

economics, correct. RITHOLTZ: Oh, not the control, just the economics. capital problem helps improve our economic sharing …. CONROD: I — I think the — in this low interest rate environment people are looking for yield and income, and how do they — they have a — they have a benchmark. Is that right? CONROD: Yeah.

Investments 100

Investments Numbers Economics Marketing 100

Barry Ritholtz

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. RITHOLTZ: So let’s take a couple of examples.

Marketing 52

Marketing Construction Valuation Investments 52

Barry Ritholtz

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. A degree in mathematics from Oxford, a doctorate in mathematical epidemiology and economics from Cambridge. What made you add economics to your, to your graduate degree?

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

DECEMBER 12, 2023

He has absolutely crushed his benchmark over that period. He’s crushed the Russell 2000, whatever benchmark you want to talk about. You’re 34th, you’re retiring after 34 years and you trounce what’s really the more appropriate benchmark, I would assume the Russell 2000. a year since 1989. Much better.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

PYMNTS

AUGUST 10, 2020

Psychologically, it’s a benchmark of economic health, even if it is divorced from reality. And because it hasn’t thrown corporate valuations into the ditch, hopefully, companies have been able to bring back furloughed workers. That’s not to say the stock market isn’t important.

Retail 59

Retail Benchmarking eCommerce Valuation 59

Barry Ritholtz

MAY 6, 2025

The valuation of risk versus 00:46:33 [Speaker Changed] Reward 00:46:34 [Speaker Changed] Is something that I think a machine cannot do in the same way that human can. 00:47:06 [Speaker Changed] I know you guys don’t release public performance numbers, but I know you are doing much better than your benchmark this quarter.

Profit and Loss 59

Profit and Loss Risk Management Marketing Banking 59

Barry Ritholtz

FEBRUARY 13, 2023

And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Marketing Investments Education 59

E78 Partners

APRIL 30, 2025

Executing the Profitability Triad: Growth, Efficiency, and Margin in 2025 The Economic Context: A Brief Look Back In early 2025, macroeconomic changes reshaped how private equity firms think about value creation: Rising tariffs. Where Theres Opportunity Theres still more that can be done.

Benchmarking 52

Benchmarking Prioritization Valuation Economics 52

Global Finance

MARCH 3, 2025

Globally, Social bonds will be constrained by a lack of benchmark-sized projects, while transition-labeled bonds and sustainability-linked bonds (SLBs) will remain niche segments as they navigate evolving market sentiment, the ratings agency posted on its website. Its now upgrading and extending the lifetime of its machines.

Finance 90

Finance Construction Banking Benchmarking 90

Barry Ritholtz

MAY 21, 2024

And one of the worst performing factors has been valuation. So we’re now in an environment where all the 45-year-old portfolio managers out there have been, have worked their entire careers in these momentum fueled markets, and they’ve been trained to believe that valuation doesn’t matter.

Finance 59

Finance Marketing Numbers Investments 59

Barry Ritholtz

MARCH 26, 2024

You get a BA in economics and poli sci from the University of Delaware. And it had to do with the discipline of the models that he used and how he segmented economic liquidity, investor liquidity, and then technicals and and breath conditions and understood how they melded together. What was the original career plan?

Investments 59

Investments Marketing Concentration Economics 59

Barry Ritholtz

MARCH 14, 2023

You get a BA in Economics from Hamilton College. So what we did was we figured out the economic rationale, the macroeconomic influences about why growth and value work at any point in time. Everybody wants to sell a company when they get a good valuation. So we do a lot of valuation work. You get an MBA from NYU.

Quantitative Analysis 64

Quantitative Analysis Investments Valuation Marketing 64

Barry Ritholtz

MARCH 21, 2023

But if you buy low multiples and sell high multiples, either in a long-only beat the benchmark sense, whether over and underweight, and you did the same thing everyone does and call me a hedge fund manager. And value and momentum do, whether it’s relative outperformance against a benchmark or absolute performance in a hedge fund.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69