[intended]

That is apples and oranges.

I’m not using an EBITDA/MV equation on my personal valuation, nor am I using FCF for any credit calculation.

Credit calculations are based on the most reliable data points that correlate with outcomes I care about.

Frankly, new tech is helping credit calculations - people are using phone call data to find what correlates with credit worthiness. I believe this is already in production around the world.

Whether the term “credit scores” is used or not, there will always be some mechanistic way to value risk. It will also use whatever data we have lying around to do so.

If we have no data, then it goes back to the good old days of the boys club, which is even more restricting Thant today.

[archildress]

I didn't bring EBITDA into the conversation; free cash flow is a useful metric for both personal finance and corporate finance and isn't comparable. EBITDA is too adjusted to be useful for personal financials.