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Automating Comparable Company Analysis: Run an Entire Sector in One Pass

The difficulty in comparable company analysis is not the arithmetic of multiples but the basis: fiscal year, currency, one-off items, and EV composition can all let two companies' numbers contaminate each other. This article breaks down the criteria for selecting peers, six categories of basis-unification rules, and the traps in choosing multiples, and gives a five-stage automation pipeline design with executable code, from data extraction to outlier handling.