The cyclical spread and longevity of the coronavirus have had, somewhat surprisingly, a more significant impact on EBITDA multiples than the initial fear at the onset of the pandemic. Further examination of EBITDA over the past 18 months, or past six quarters since the start of the pandemic, show that common factors such as risk, growth, and time period (among others) have created a wave-like pattern. This pattern highlights the highs and lows associated with the deal environ