<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/bc6b18632fc94cfca4764226af636688&quot; frameborder=&quot;0&quot; width=&quot;1920&quot; height=&quot;1440&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>1440</height><width>1920</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>1440</thumbnail_height><thumbnail_width>1920</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/bc6b18632fc94cfca4764226af636688-70f49ab31464f699.gif</thumbnail_url><duration>388.8267</duration><title>Understanding EBITDA vs. SDE in Business Valuation</title><description>In this video, I delve into the key differences between EBITDA and SDE, essential metrics in business valuation. EBITDA represents earnings before interest, taxes, depreciation, and amortization, while SDE stands for seller&apos;s discretionary earnings. I explain when to use each metric, emphasizing how SDE incorporates the owner&apos;s salary and benefits. Understanding these concepts is crucial for valuing businesses accurately.</description></oembed>