OPEN-SOURCE SCRIPT
업데이트됨 (EV/EBITDA) / Growth
Building blocks
Component What it means
EV (Enterprise Value) Market Cap + Debt + Minority Interest − Cash — the true cost to buy the whole company
EBITDA Earnings Before Interest, Tax, Depreciation & Amortisation — a proxy for operating cash flow
EV/EBITDA How many years of operating earnings you're paying — a valuation multiple
Growth YoY % change in EBITDA (or Revenue) — how fast the company is expanding
The problem it solves
EV/EBITDA alone is incomplete.
A company at EV/EBITDA = 20x growing at 40%/yr → cheap
A company at EV/EBITDA = 10x growing at 2%/yr → expensive
EVEG captures this by dividing the multiple by the growth rate.
How to read it
EVEG Interpretation
< 1 🟢 Undervalued relative to growth
= 1 🟡 Fairly valued
> 2 🔴 Expensive relative to growth
Negative ⚠️ Negative growth — ratio loses meaning
Simple example
EV/EBITDA = 15x
EBITDA Growth = 30%
EVEG = 15 ÷ 30 = 0.5 → 🟢 Cheap for its growth rate
These are three different ways to calculate (EV/EBITDA) ÷ Growth, each using a different time period for the EBITDA denominator:
EVEG @ FY — Fiscal Year
Uses annual EBITDA (last full fiscal year)
Most stable, least noisy
Best for long-term valuation comparison
Growth = YoY change in annual EBITDA
EVEG @ TTM — Trailing Twelve Months
Uses last 12 months of EBITDA (rolling)
Most current/real-time view
Reacts faster to recent earnings changes
Growth = YoY change in TTM EBITDA
EVEG @ FQ — Fiscal Quarter
Uses a blended formula: ebitda_fq + (ebitda_ttm × 3/4)
This was Lorenzo's original formula — it mixes the latest quarter with TTM to smooth out single-quarter spikes
Most granular but also most volatile
Growth still uses FY growth rate as the divisor
Which to trust?
Signal Best Use
FY Long-term investors, annual screening
TTM Most balanced — current but smoothed
FQ Short-term traders, catching turning points early
When all three are aligned and low (< 1), that's the strongest signal of undervaluation relative to growth.
Component What it means
EV (Enterprise Value) Market Cap + Debt + Minority Interest − Cash — the true cost to buy the whole company
EBITDA Earnings Before Interest, Tax, Depreciation & Amortisation — a proxy for operating cash flow
EV/EBITDA How many years of operating earnings you're paying — a valuation multiple
Growth YoY % change in EBITDA (or Revenue) — how fast the company is expanding
The problem it solves
EV/EBITDA alone is incomplete.
A company at EV/EBITDA = 20x growing at 40%/yr → cheap
A company at EV/EBITDA = 10x growing at 2%/yr → expensive
EVEG captures this by dividing the multiple by the growth rate.
How to read it
EVEG Interpretation
< 1 🟢 Undervalued relative to growth
= 1 🟡 Fairly valued
> 2 🔴 Expensive relative to growth
Negative ⚠️ Negative growth — ratio loses meaning
Simple example
EV/EBITDA = 15x
EBITDA Growth = 30%
EVEG = 15 ÷ 30 = 0.5 → 🟢 Cheap for its growth rate
These are three different ways to calculate (EV/EBITDA) ÷ Growth, each using a different time period for the EBITDA denominator:
EVEG @ FY — Fiscal Year
Uses annual EBITDA (last full fiscal year)
Most stable, least noisy
Best for long-term valuation comparison
Growth = YoY change in annual EBITDA
EVEG @ TTM — Trailing Twelve Months
Uses last 12 months of EBITDA (rolling)
Most current/real-time view
Reacts faster to recent earnings changes
Growth = YoY change in TTM EBITDA
EVEG @ FQ — Fiscal Quarter
Uses a blended formula: ebitda_fq + (ebitda_ttm × 3/4)
This was Lorenzo's original formula — it mixes the latest quarter with TTM to smooth out single-quarter spikes
Most granular but also most volatile
Growth still uses FY growth rate as the divisor
Which to trust?
Signal Best Use
FY Long-term investors, annual screening
TTM Most balanced — current but smoothed
FQ Short-term traders, catching turning points early
When all three are aligned and low (< 1), that's the strongest signal of undervaluation relative to growth.
릴리즈 노트
Added last 1,2,3,4,5 Quarter growth. 릴리즈 노트
(EV/EBIDTA) / GROWTHFOR FQ
릴리즈 노트
(EV/EBITDA) / Growth오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.