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Price to EBITDA?

I've always thought that Price and Enterprise Value metrics should have the numerator and denominator on the same basis to make apples-to-apples comparisons (i.e., price to earnings, EV/EBITDA, EV/Sales, etc). However in a few sell side reports I was looking at they included a Price to EBITDA metric in their summary info. Does anybody have any insight as to why they would use P/EBITDA or how often this is used?

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