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Does RMR tell the whole story?

September 4, 2013Leif Kothe

Today, Ken Kirschenbaum, an industry attorney, broached the topic of valuation in the alarm industry in his email to subscribers. In the monitoring space, a company's valuation is based “exclusively on a multiple of RMR,” Kirschenbaum explains. A reason for this is that, in a sale, an alarm company isn't selling its ongoing business so much as its subscriber accounts. While the RMR multiple can shed light on the value of a company on the verge of a sale, it doesn't tell everything. In...

central station alarm monitoring, Davis Group, EBITDA, Ken Kirschenbaum, Physical Security, RMR