Fix EV/EBITDA using income statement EBITDA instead of info dict

yfinance's info["ebitda"] is a miscalculated TTM value for many tickers
(e.g. DDOG shows $7.5M when the correct TTM EBITDA is $193.8M). Added
get_ebitda_from_income_stmt() which reads directly from t.income_stmt,
matching the annual and quarterly figures. Key Ratios and DCF EV/EBITDA
valuation now both use this source, with FMP as the preferred override.

Co-Authored-By: Claude Sonnet 4.6 <noreply@anthropic.com>

1 files changed, 17 insertions, 2 deletions

diff --git a/components/valuation.py b/components/valuation.py
index b6e9d46..a168580 100644
--- a/components/valuation.py
+++ b/components/valuation.py
@@ -9,6 +9,7 @@ from services.data_service import (
     get_recommendations_summary,
     get_earnings_history,
     get_next_earnings_date,
+    get_ebitda_from_income_stmt,
 )
 from services.fmp_service import (
     get_key_ratios,
@@ -148,13 +149,26 @@ def _render_ratios(ticker: str):
             val = info.get(yf_key)
         return fmt(val) if val is not None else "—"
 
+    # Compute EV/EBITDA from income statement EBITDA — yfinance's info["ebitda"]
+    # is a known bad value for many tickers (miscalculated TTM aggregation).
+    def _ev_ebitda() -> str:
+        # Prefer FMP if available
+        fmp_val = (ratios or {}).get("enterpriseValueMultipleTTM") or (ratios or {}).get("evToEBITDATTM")
+        if fmp_val is not None:
+            return fmt_ratio(fmp_val)
+        ev = info.get("enterpriseValue")
+        ebitda = get_ebitda_from_income_stmt(ticker)
+        if ev and ebitda and ebitda > 0:
+            return fmt_ratio(ev / ebitda)
+        return "—"
+
     rows = [
         ("Valuation", [
             ("P/E (TTM)", r("peRatioTTM", "trailingPE")),
             ("Forward P/E", fmt_ratio(info.get("forwardPE")) if info.get("forwardPE") is not None else "—"),
             ("P/S (TTM)", r("priceToSalesRatioTTM", "priceToSalesTrailing12Months")),
             ("P/B", r("priceToBookRatioTTM", "priceToBook")),
-            ("EV/EBITDA", r("enterpriseValueMultipleTTM", "enterpriseToEbitda") if ratios.get("enterpriseValueMultipleTTM") is not None else r("evToEBITDATTM", "enterpriseToEbitda")),
+            ("EV/EBITDA", _ev_ebitda()),
             ("EV/Revenue", r("evToSalesTTM", "enterpriseToRevenue")),
         ]),
         ("Profitability", [
@@ -315,7 +329,8 @@ def _render_dcf(ticker: str):
     st.divider()
     st.markdown("**EV/EBITDA Valuation**")
 
-    ebitda = info.get("ebitda")
+    # Use income statement EBITDA — info["ebitda"] is unreliable in yfinance
+    ebitda = get_ebitda_from_income_stmt(ticker) or info.get("ebitda")
     total_debt = info.get("totalDebt") or 0.0
     total_cash = info.get("totalCash") or 0.0
     ev_ebitda_current = info.get("enterpriseToEbitda")