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Assessing Relative Valuation in Equity Markets: Bridging Research and Practice

This book addresses the gap between the widespread use of stock market multiples in valuation practice and the frontiers of research on multiples. The book's approach is twofold: the authors first analyse the performance of multiples metrics in predicting the market price of a set of liquid and highly traded US stocks. The authors then employ these results to test profitable stock purchasing strategies employed in order to 'beat the market'. The results presented widen our understanding of the “market performances” of the valuation tools practitioners utilise in their everyday work. The evidence is of interest to researchers and equity analysts, who wish to analyse the circumstances in which valuation errors using multiples are more frequent and when market multiples become ineffective in estimating market prices.

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Detail Information
Series Title
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Call Number
658.155 ROS a
Publisher
London : Palgrave Macmillan London.,
Collation
XIV, 180
Language
English
ISBN/ISSN
978-1-137-56335-4
Classification
658.155
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
Ed. 1
Subject(s)
Financial Engineering
Investments and Securities
Specific Detail Info
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Statement of Responsibility
Other Information
Cataloger
umi
Source
https://link.springer.com/book/10.1057/978-1-137-56335-4
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