Glossary - Normalised EBITDA
Description
An adjusted measure of a business's earnings before interest, tax, depreciation, and amortisation, which removes one-off items, owner benefits, or non-recurring costs to reflect what the underlying profitability of the business would look like under normal operating conditions. Used as the basis for valuation in most business sales.
Alternate Names
- Adjusted EBITDA
- Clean EBITDA
- Underlying EBITDA
- Maintainable earnings
- Normalised earnings
