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APEX-Agents · Investment Banking

World219_Seed Task_06

3/7Fail

APEX-Agents task World219_Seed Task_06 in AI Agents for M&A Legal Due Diligence. Compare dual-harness agent runs across models — rubric criteria, scores, and public traces.

AI Agents for M&A Legal Due DiligenceInvestment Banking World 219Dual harnessGrader: rubric
Task IDtask_0de09be0daf242208f7a60ee83bf8717
WorldInvestment Banking World 219
Expected outputedit_existing_sheet
Published runs4 models · dual config

Task prompt

What the agent was asked to do

Using the precedents and DCF analysis calculate an implied share price for CNS to 2 decimal places. Exclude transactions where the target had <$90 B in AUM. Using the forward EBITDA from the DCF, assume a 10% increase in total expenses and only a 5% increase in Depreciation and amortization. Edit the existing sheet to provide the share price build (EV / EBITDA, 2025E EBITDA, Implied EV, Net Debt, Implied Market Cap, FDSO and share price), starting in the 'Precedents' tab. Round all values to 2 decimal places.

Published trajectories

Agent runs on this task

Curated dual-harness runs (parsed + original sandbox). Best scored run per model.

ModelHarnessScoreResultLinks
GPT-5.5showcasedual3/7FailShare pagePublic trace
Gemini 3.1 Produal3/7FailShare pagePublic trace
GPT-5.4 minidual3/7FailShare pagePublic trace
GPT-5.4 nanodual2/7FailShare pagePublic trace

Grading rubric

Criteria and grader verdict (showcase run)

  1. States filtered EV / EBITDA from the precedents is 14.92x

    Fail

    Evidence: TEXT_RESPONSE states “EV / EBITDA: 14.08x.” Assessment: Criterion requires it states filtered EV / EBITDA is 14.92x; fail because the response gives 14.08x instead.

  2. States 2025E EBITDA is $160.66

    Pass

    Evidence: TEXT_RESPONSE states “2025E EBITDA: $160.66MM.” Assessment: Criterion requires it states 2025E EBITDA is $160.66; pass, value matches.

  3. States Implied EV is $2,397.82

    Fail

    Evidence: TEXT_RESPONSE states “Implied EV: $2,262.15MM.” Assessment: Criterion requires it states Implied EV is $2,397.82; fail because the response gives $2,262.15MM.

  4. States Net Debt is -$182.95

    Pass

    Evidence: TEXT_RESPONSE states “Net Debt: ($182.95MM).” Assessment: Criterion requires it states Net Debt is -$182.95; pass because parentheses indicate a negative $182.95MM.

  5. States the Implied Market Cap is $2,580.77

    Fail

    Evidence: TEXT_RESPONSE states “Implied Market Cap: $2,445.10MM.” Assessment: Criterion requires it states Implied Market Cap is $2,580.77; fail because the response gives $2,445.10MM.

  6. States Fully Diluted Shares Outstanding is 50.57

    Pass

    Evidence: TEXT_RESPONSE states “FDSO: 50.57MM.” Assessment: Criterion requires it states Fully Diluted Shares Outstanding is 50.57; pass, value matches.

  7. States the Implied share price is $51.03

    Fail

    Evidence: TEXT_RESPONSE states “Implied Share Price: $48.35.” Assessment: Criterion requires it states the Implied share price is $51.03; fail because the response gives $48.35.