"While the stock commands a multiple of 8.4 times enterprise value (market value plus net debt) to 2008 estimates of Ebitda, about a point or so above the multiples on its U.S. counterparts, the company is increasing its cash flow at a far faster rate. "Liberty Global is a little more expensive than Comcast or Time Warner (TWX), but that's more than justified by its earnings growth," says Vijay Jayant, an analyst at Lehman Brothers.
barrons.com
Story suggests growth is far from over and that management is selective about what it acquires and disposes of.