LEADER 03939nam 22006495 450 001 9910380752803321 005 20240930142614.0 010 $a1-4842-5552-6 024 7 $a10.1007/978-1-4842-5552-0 035 $a(CKB)4100000010348987 035 $a(MiAaPQ)EBC6038347 035 $a(DE-He213)978-1-4842-5552-0 035 $a(CaSebORM)9781484255520 035 $a(OCoLC)1165363913 035 $a(OCoLC)on1165363913 035 $a(EXLCZ)994100000010348987 100 $a20200203d2020 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aPrice and Value $eA Guide to Equity Market Valuation Metrics /$fby George Calhoun 205 $a1st ed. 2020. 210 1$aBerkeley, CA :$cApress :$cImprint: Apress,$d2020. 215 $a1 online resource (412 pages) 225 1 $aStevens Institute of Technology quantitative finance series 300 $aIncludes index. 311 $a1-4842-5551-8 320 $aIncludes bibliographical references. 327 $aChapter 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.-. 330 $aUnderstand 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. 517 3 $aGuide to equity market valuation metrics 606 $aBank marketing 606 $aBusiness enterprises$xFinance 606 $aFinancial Services$3https://scigraph.springernature.com/ontologies/product-market-codes/626000 606 $aBusiness Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/512000 606 $aMercat financer$2thub 606 $aMàrqueting bancari$2thub 606 $aServeis financers$2thub 608 $aLlibres electrònics$2thub 615 0$aBank marketing. 615 0$aBusiness enterprises$xFinance. 615 14$aFinancial Services. 615 24$aBusiness Finance. 615 7$aMercat financer 615 7$aMàrqueting bancari 615 7$aServeis financers 676 $a338.52 700 $aCalhoun$b George$4aut$4http://id.loc.gov/vocabulary/relators/aut$027768 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910380752803321 996 $aPrice and Value$92005330 997 $aUNINA