How to answer: Which valuation method gives the highest valuation? The short answer: it depends. • Comparable transactions and DCF are both on the higher end • Comparable companies and LBO are both on the lower end This question is part of your valuation questions in an Investment Banking interview. When I was going through the interview process, this question came up multiple times—especially at firms that focus heavily on M&A or private equity. It’s less about reciting a fixed answ...