10/27/2026
EBITDA is a starting point — not the whole story.
A business can show strong EBITDA, but real value depends on what sits behind that number.
Are the earnings recurring?
Are adjustments clear and supportable?
Is revenue concentrated?
How sustainable is performance over time?
That is where Quality of Earnings goes deeper.
EBITDA tells you a number. QoE asks how repeatable it is.