Multiples reflect the average price of a company when compared to a value driver, in this case EBITDA. They should be used as a benchmark and not to calculate the value of the company, in the same way the average price of a used car should be used as a benchmark, but not to price the specific car. On the assumption that the market is rational and fair and it is correctly assessing valuations
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Heavy equipment usually comprises five equipment systems: implementation, traction, structure, power train, control and information. [1] Heavy equipment has been used since at least the 1st century BCE when the ancient Roman engineer Vitruvius described a crane in De architectura when it was powered via human or animal labor.
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