Trailing Twelve Months (TTM) in M&A in 2026: Why Buyers Price Off TTM, Seasonality, QoE
Trailing twelve months TTM in M&A is the pricing metric buyers use because it captures the most recent 12 months of business performance regardless of fiscal year timing. Buyers price off TTM EBITDA because it eliminates the stale-fiscal-year problem (a business that’s been growing 20% would look artificially small using last completed fiscal year). Seasonality […]