Which type of company is expected to have a higher value when EBITDA is the same?

When considering which type of company is expected to have a higher value given the same EBITDA, it's essential to analyze the characteristics of the industries in question. Healthcare companies are often viewed as having a higher intrinsic value due to several key factors.

Firstly, the healthcare sector is typically characterized by strong demand stability, as healthcare services and products are generally considered essential. This consistent demand translates to more predictable and robust revenue streams compared to other sectors, making healthcare companies more attractive to investors.

Secondly, healthcare companies often benefit from significant barriers to entry, such as regulatory approvals, high research and development costs, and the need for specialized expertise. These barriers can limit competition and create a more advantageous market position for established healthcare firms, leading to potentially higher valuations.

Additionally, healthcare companies tend to have higher growth potential, especially those involved in innovative sectors such as biotechnology or pharmaceuticals. The prospects for new drug developments, medical technologies, or healthcare services can drive investor interest and, consequently, increase the perceived value of the company.

In contrast, while tech companies may also be highly valued, their valuation is often more dependent on growth rates, market trends, and volatility. Manufacturing and real estate companies typically face more cyclical demand trends, which can result in greater fluctuations in valuations. Thus