Definition of Normalization Adjustments on The Grid Glossary

Definition

Changes to a business’s historical financial statements that remove one-time, personal, and non-operating items. They show what the business would earn under normal operation and a new owner. Brokers often call them add-backs.

#Working Capital Peg

#Seller's Discretionary Earnings

#EBITDA

#FMV

#Business Valuation

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Oct 2026

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