请问为什么乘数法就是相对估值？

问题如下：

In evaluating the portfolio company, which method involves multiple approach:

选项：

Discounted cash flow.

Asset-based approach.

Market or comparables approach.

解释：

C is correct.

The market or comparable approach values a company using multiples of different measures, like EBITDA, net income or revenue.

三种对公司的估值方法中，现金流折现和资产为基础的估值都不会涉及到乘数，只有在比较估值法中，才会涉及对乘数的计算和比较。