RE:RE:RE:RE:RE:CIBC TODAY"The market capitalization of a company is simply its share price multiplied by the number of shares a company has outstanding. Enterprise value is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents" ... so they include the debt as part of the calculation. So as the debt is paid down, the EV rises. Makes sense except debt is the cost of growth and 10x multiple for a growth company is very conservative. What is the TSX average SP/EPS multiple? 16x? I could only guess that EV/EBITA is even higher?