Price and value : a guide to equity market valuation metrics / George Calhoun.
2020
HB221
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Unlimited
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Details
Title
Price and value : a guide to equity market valuation metrics / George Calhoun.
Author
Calhoun, George.
ISBN
9781484255520 (electronic book)
1484255526 (electronic book)
9781484255513
1484255526 (electronic book)
9781484255513
Imprint
Berkeley, CA : Apress L. P., 2020.
Language
English
Description
1 online resource (412 pages)
Call Number
HB221
Dewey Decimal Classification
338.5/2
Summary
Understand how to use equity market metrics such as the price/earnings ratio (and other multiples) to value public and private enterprises-identify and qualify investments and assess business strategy and performance. Author George Calhoun, Founding Director of the Quantitative Finance Program at Stevens Institute of Technology, shows you how to use metrics to appraise mergers, acquisitions, and spin-offs. You will be able to shed light on financial market conditions, benchmark fair value assessments, and check and calibrate complex cash flow models. While multiples are easy to construct, they can be difficult to interpret. The field has become more complex and the question of which metrics perform best can be a source of controversy. You will; Know the definitions, interpretations, and applications of all major market ratios, including: price/earnings (trailing and forward), cyclically adjusted price/earnings, cash-adjusted price/earnings, EV/EBITDA, price/sales, dividend yield, and many more Examine the factors that drive the values of ratios from firm level (such as earnings growth, leverage, and governance) to market level (such as inflation, tax and fiscal policy, monetary policy, and international characteristics) Apply metrics in: investment analysis, index construction, factor models, sum-of-the-parts analysis of corporate structures, and detection of asset bubbles.
Note
Includes index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Available in Other Form
Price and Value : A Guide to Equity Market Valuation Metrics
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Table of Contents
Chapter 1: The Ford Dollar: The Mysterious Multiple
Chapter 2: The Value Triangle
Chapter 3: Valuation Ratios
Chapter 4: Interpretations: P/E as a Dependent Variable
Chapter 5: Applications: P/E as an Independent Variable
Chapter 6: Assessments and Qualifications
Afterword: Fair Price, True Value
Appendix: A Critical Examination of Discounted Cash Flow Valuation Methods.-.
Chapter 2: The Value Triangle
Chapter 3: Valuation Ratios
Chapter 4: Interpretations: P/E as a Dependent Variable
Chapter 5: Applications: P/E as an Independent Variable
Chapter 6: Assessments and Qualifications
Afterword: Fair Price, True Value
Appendix: A Critical Examination of Discounted Cash Flow Valuation Methods.-.