@article{928692,
      recid = {928692},
      author = {Calhoun, George.},
      title = {Price and value : a guide to equity market valuation  metrics /},
      publisher = {Apress L. P.,},
      address = {Berkeley, CA :},
      pages = {1 online resource (412 pages)},
      year = {2020},
      note = {Includes index.},
      abstract = {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.},
      url = {http://library.usi.edu/record/928692},
}