Yes. I can quickly explain their underlying logic.
An initial concept that is not necessarily related to raising the threshold from $312 million to $1 billion is the concept of enterprise value. The reason they adopted it is because, in their view, it was a more accurate reflection of the significance and importance of the business in financial terms. When the concept of enterprise value has been clearly defined, its relationship with the concept of book value may vary from one industry to another and one economic cycle to another, because market capitalization is constantly changing.
Based on the concept that is adopted, the enterprise value and the relationship with the book value, that is, the ratio to be established, will be very variable.