Compare this to Savarias most recent acquisitionof Garaventa Lift. Garaventa had sales of $108m and ebitda of $8.3m, that’s ebitda margins of less than 8% and they paid $98m for it which is almost 1x sales or 12x ebitda on a low margin business.
Phm which will probably have ebitda margins of almost double that this quarter is trading at 1/2X sales and less than 4x ebitda.
At some point this will eventually start to move, just be patient.....