Data Analysis

SEO Unique Content: What Google Actually Measures

Marc SeanApril 16, 20267 min read

For finance teams sitting on deal logs, model outputs, and proprietary transaction history, this matters. The gap between what you have and what ends up published is usually editorial erosion, not a data shortage.

What Google Considers "Unique" vs. What Gets Penalized

The distinction Google draws isn't between original and copied — it's between independently valuable and derivative. John Mueller stated in a 2023 Search Central office hours: "We're not looking for unique words, we're looking for unique value."

The practical split:

TypeWhat it looks likeGoogle's treatment
Thin contentSummary of publicly available data, no original analysisIndexed but not cited; no ranking signal
Duplicate contentSame page content at multiple URLs, or near-identical to a competitorFiltered from results; only one version shown
Derivative contentRepackaged data without a sourced methodologyCompetes on authority, not content — and loses
Genuinely uniqueProprietary data, original methodology, or analysis not reproducible elsewhereCitation magnet; AI overviews pull from this first

Ahrefs' 2024 analysis of 920,000 pages found that 60% of published pages get zero organic traffic, with thin and derivative content as the leading cause. Pages with original data — proprietary benchmarks, internal transaction analysis, first-party survey results — earned 2.3x more backlinks on average than pages covering the same topic with no original data point. The Princeton GEO study (arxiv 2311.09735) found that adding verifiable statistics increased AI citation rates by 37%.

Gary Illyes confirmed the directional trend at SMX Munich 2024: crawl budget increasingly concentrates on pages that demonstrate original research signals.

What the Data-Layer Test Actually Checks

Google's systems don't read your prose for freshness. They check whether the underlying claims exist elsewhere. Run the test yourself: paste your article's 3 most specific claims into a search query. If the top 5 results say the same thing with different words, you're derivative.

The threshold that changes outcomes is a sourced, original data point that can't be reproduced without access to your internal systems. An "industry median EV/EBITDA of 11.2x" sourced to your own closed-deal database is unique. The same number sourced to a Pitchbook PDF is not — it's accessible to anyone with a subscription.

Auditing Your Deal Log for Publishable Content

The workflow most finance teams should run but don't: before handing numbers to marketing, audit your existing deal log column-by-column for what's actually publishable as proprietary content. This gives marketing a spec with methodology attached — not a quote they'll paraphrase into something unverifiable.

A representative deal log has columns like Company, Close Date, Status, Enterprise Value, LTM EBITDA, Multiple, Sector, and Source. Here's how to evaluate each:

ColumnPublishable as-is?What's missingFix
Company nameNoNDA / disclosure riskAnonymize to sector + revenue tier
Close dateYesNoneKeep — date range anchors credibility
StatusYes (as filter only)NoneUse to restrict to "Closed"
Enterprise ValueConditionalSource (public filing vs. model estimate)Footnote: "per S-4 filing" or "management estimate"
LTM EBITDAConditionalNormalization methodologyAdd "pre-IFRS 16, pre-SBC" or specify adjustments
EV/EBITDAYesMethodology note strengthens it"LTM EBITDA at close, pre-synergies" — this is publishable as-is
SectorYesNoneKeep
SourceNoReveals proprietary sourcing channelRemove or generalize to "PE-backed buyout"

Five checks to run before the handoff:

  1. Does any row name a client or counterparty? Anonymize to a size/sector descriptor (e.g., "mid-market SaaS, $40M ARR").
  2. Are your multiples from public filings or your own model? Flag the difference. "EV/EBITDA per S-4 filing" and "EV/EBITDA per management model" are not interchangeable.
  3. Did you normalize EBITDA? Define the adjustments. "Adjusted EBITDA" without a definition gets rewritten by marketing into something meaningless — and then someone questions the number in a comment.
  4. Is the date range defensible? 18-month windows (e.g., Q1 2023–Q2 2024) hold up better than cherry-picked quarters. Below 15 observations, label the output "illustrative," not "median."
  5. What's the N? Lead with it. "Based on 22 closed transactions in the B2B software sector, Q1 2023–Q4 2024, median EV/EBITDA was 11.2x" is citable. "Multiples ranged from 7x to 14x" is noise.

To pull only closed deals from the last 18 months into a clean export tab:

=QUERY('Deal Log'!A:H,
  "SELECT B, D, E, F, G
   WHERE C = 'Closed'
   AND B >= date '2023-10-01'
   ORDER BY B DESC", 1)

Where column B is Close Date, C is Status, D is EV/EBITDA, E is Sector, F is LTM EBITDA, and G is the methodology note. Add a column H that outputs a pre-written footnote string and you've got a publishable extract marketing can actually use without paraphrasing your numbers into something unverifiable.

ModelMonkey can generate QUERY formulas like this from a plain-English description if you'd rather not hand-write the date arithmetic each time.

Building Unique Content From Internal Data: Version A vs. Version B

The difference between publishable and generic isn't the data — it's the methodology disclosure. Compare:

Version A (derivative): "Median EV/EBITDA multiples in software M&A were approximately 11–14x over the past two years."

Version B (publishable): "Median EV/EBITDA was 11.2x across 22 closed B2B software transactions in Q1 2023–Q4 2024, measured on LTM EBITDA at close, pre-synergies, excluding outliers above 20x."

Version A is on 40 other pages. Version B is only yours. The Princeton GEO research shows AI systems extract and cite Version B at substantially higher rates because the methodology makes it verifiable.

The spec format worth internalizing before handing anything to marketing:

  • N: number of observations
  • Date range: absolute, not relative ("Q3 2023–Q4 2024," not "the past 18 months")
  • Exclusions: what was filtered and why
  • Methodology: how the metric was calculated (LTM EBITDA at close, pre-IFRS 16, etc.)
  • Data source: internal model, public S-4, third-party data provider

That's the IC memo format applied to content. It also happens to be exactly what AI systems need to justify citing your page instead of a competitor's.

SEO unique content comes down to whether your data is reproducible without access to your internal systems. For FP&A teams, the proprietary asset already exists — it's the deal log, the model output, the normalized transaction database. The gap is the audit step that converts raw internal data into a publishable methodology spec. Run the column-by-column check before handoff, disclose the N and date range, define your EBITDA adjustments, and what you give marketing is defensible — not something they'll sand down into a vague claim.

Try ModelMonkey free for 14 days — it works in both Google Sheets and Excel.

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