Control, Complexity and Politics: Deconstructing the Adani Affair!
Musings on Markets
FEBRUARY 4, 2023
The PE ratio for the stock has gone from a modest 15 times earnings in the 2016-21 time period to 214 times earnings in the most recent two years, and the enterprise value has jumped from about 12 times EBITDA during 2016-21 to 53 times EBITDA in the most recent two years. times revenues in the most recent two years.
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