Earnings Before Interest, Tax, Amortization And Exceptional Items - EBITAE

See: EBITDA. And then see: Normalized Earnings.

EBITDA can be volatile. Weird things happen at weird times. So you'll have exceptionally good years...and exceptionally bad ones. Getting rid of those one-timers...smooths things. So EBITAE has its place iin the Hall of Financial Justice as yet another metric.