The Comparable Public Companies Method is one of business valuation methods under the market approach and applied to the valuation of controlling interest in a privately held business. The notion underlying this business valuation method is the view that the value of a closely held enterprise can be estimated by drawing from recent mergers and acquisition transactions on the sale and purchase or sale of comparable business either through private transactions or listed businesses on the stock exchange. In applying the comparable transaction method, business valuation analysts derive market multiples such as Enterprise Value/EBITDA, and Price to Book ratio from the sale of the comparable businesses where “comparable” does not imply identical businesses that are substantially similar across a range of matrices. The comparable transaction method works best when the comparables are in the same industry. The comparable public companies method of valuation is also referred to as the “Comparable Transaction Method”