Assessing relative valuation in equity markets : bridging research and practice

Author(s)

    • Rossi, Emanuele
    • Forte, Gianfranco

Bibliographic Information

Assessing relative valuation in equity markets : bridging research and practice

Emanuele Rossi, Gianfranco Forte

(Palgrave pivot)

Palgrave Macmillan, c2016

Available at  / 1 libraries

Search this Book/Journal

Note

Includes bibliographical references and index

Description and Table of Contents

Description

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.

Table of Contents

Chapter 1. Relative Valuation: Issues and General Framework.- Chapter 2.Literature Background.- Chapter 3.Accuracy Performance of Relative Valuation.- Chapter 4. A Portfolio Approach: Multiples' Accuracy and Stock Selection.- Conclusion.

by "Nielsen BookData"

Related Books: 1-1 of 1

Details

Page Top