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Figure 1 shows Gregg’s Plc, EV/EBITDA ratio over the last 10 years…. Figure 1 shows Gregg’s Plc, EV/EBITDA ratio over the last 10 years. Why has this ratio changed over time? What may have caused this?Image transcription textFigure 1: EV/EBITDA Greggs Plc (2011 – 2021) TEV/LTM EBITDA 25 20 Open: 5.76x High: 21.30x Low: 4.43xClose: 20.54x Avg: 8.66x 15 10 5 0 2012 2013 014 2015 Source: S&P Capital IQ 2016 012 2018 2019 202020… Show more  Accounting Business Financial Accounting

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