Here is the case, I am trying to value a private company and it is difficult to use regression.
So I am using the Beta of a public company and unlever it.
(i.e., Benchmark Beta / (1+benchmark debt/benchmark equity)
I then use the calculated Beta above and apply it to the private company to get Beta.
(i.e., Calculated Beta * (1+Private Company Debt/Private Company Equity)
Can I use this as the Beta for a private company?