Comparable Company Analysis Template

Written by CFI Team

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Comparable Company Analysis Template

This comparable company analysis template demonstrates how to compute and compare the valuation ratios of industry competitors.

Below is a screenshot of the comparable company analysis template:

Comparable Company Analysis Template Screenshot

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Comparable company analysis (or “comps” for short) is a valuation methodology that looks at ratios of similar public companies and uses them to derive the value of another business. Comps is a relative form of valuation, unlike a discounted cash flow (DCF) analysis, which is an intrinsic form of valuation.

Steps in Performing Comparable Company Analysis

#1 Find the right comparable companies

Compile a list of companies operating in the same industry with similar characteristics based on criteria including industry classification, geography, size, growth rate, margins, and profitability.

#2 Gather financial information

Once you’ve found the list of companies that you feel are most relevant to the company you’re trying to value, it’s time to gather their financial information.

#3 Set up the comps table

In Excel, you will create a table that lists all the relevant information about the companies you’re going to analyze.

#4 Calculate the comparable ratios

With a combination of historical financials and analyst estimates populated in the comps table, you can start calculating the various ratios that will be used to value the companies.

#5 Use the multiples from the comparable companies to value the company

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Additional Resources

CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or looking for a career change, the CFI website has many free resources to help you jumpstart your Career in Finance. If you are seeking to improve your technical skills, check out some of our most popular courses. Below are some additional resources for you to further explore:

The Financial Modeling Certification

Analyst Certification FMVA® Program

The Financial Modeling Certification

Below is a break down of subject weightings in the FMVA® financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.

A well rounded financial analyst possesses all of the above skills!

Additional Questions & Answers

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In order to become a great financial analyst, here are some more questions and answers for you to discover: