Measurements of market influence on company EBITDA margin, COGS, and SG&A can be interesting, but are generally less reliable.
Given an EBITDA-based valuation, how much value is driven by changes in COGS and SG&A on the company’s P&L.
Given an EBITDA-based valuation, how much value is driven by changes in top-line revenue and EBITDA margin on the company’s P&L.