EV/EBITDA compares the whole value of a company, debt included, with its operating cash earnings. Analysts and private equity buyers prefer it to P/E because it is not distorted by debt or depreciation. This screen lists stocks on European exchanges with an EV/EBITDA ratio below 6 and a return on invested capital above 10%, so the low multiple is not just a sign of a poor business, cheapest first. Prices are in euros, and the list covers stocks traded on Xetra, Euronext Paris, Euronext Amsterdam, Euronext Milan and the Madrid Stock Exchange with at least 0.5 million euros in average daily trading value.
