Sentences with phrase «as valuation metrics»

So long as the valuation metrics, profitability, growth, etc, make sense... there shouldn't really be much benefit / cost to paying monthly, quarterly, or semiannually.

Overall, we are looking for reasonable payout ratios, and leverage metrics that are not too high, as well as valuation metrics that are in - line with comparable companies.

Apruzzese told Barron's that he prefers real earnings yield, or earnings yield minus the rate of inflation, as a valuation metric, rather than P / E ratios.

A complete understanding of the P / E ratio as a valuation metric includes the realization that it is also a short form DCF (discounting cash flow) formula in its own right.

Consider the P / E ratio as a valuation metric.

For ease, we chose the cyclically adjusted earnings yield as the valuation metric, which is just the reciprocal of the Shiller PE.

Not exact matches

Look at valuation metrics such as price - to - earnings and price - to - book, and compare those valuations to comparable firms.

As a result, we do not see equity valuation metrics falling back to historical averages.

Some analysts link criteria to performance and / or valuation metrics such as earnings - per - share growth (EPS) or the price - to - earnings (P / E) ratio.

We do this using valuation metrics such as the Price - to - Earnings Ratio, Price - to - Book Ratio, or Earnings Yield.

Third, academic research has found that valuation metrics, such as the earnings yield (E / P) or the CAPE 10 earnings yield, and valuation spreads have predictive value in terms of future returns.

While a number of simple measures of valuation have also been useful over the years, even metrics such as price - to - peak earnings have been skewed by the unusual profit margins we observed at the 2007 peak, which were about 50 % above the historical norm - reflecting the combination of booming and highly leveraged financial sector profits as well as wide margins in cyclical and commodity - oriented industries.

Rapid share price growth and high valuations based on standard metrics, such as price / earnings ratio or price / sales, characterize a tech bubble.

For instance, as measured by price - to - earnings (P / E) and price - to - book (P / B) valuations metrics, EM stocks continue to trade at a roughly 30 % discount to the broader global equity market (source: MSCI, as of 3/31/2015).

I don't know what to choose (yet) as a better metric but I've begun studying various metrics to work out a personal «valuation index».

There is some downside, such as the fact that the company is solely dependent on the oil and gas industry, whereas some peers have also diversified into high - margin industrial and specialty products, but shares trade at comparable valuation metrics to peers nonetheless.

Valuation metrics such as the price - to - rent and price - to - household income ratio suggest that homes are more than 60 % overvalued nation - wide.

If you like this metric, and insist on valuation based on sales, a more appropriate ratio would be the enterprise value to sales, as it accounts for debt in the capital structure, as Dan mentioned above.

The company also looks cheap on conventional valuation metrics, as it has a P / E of just 16x.

I totally agree with you and with Buffett; nonetheless there's one question, that came to my mind regarding market valuations: Assuming bonds and interest rates go even lower as they are today, at which level (pe ratio or Shiller pe ratio — or whatever metric you'd like to take) would I call the market of today a bubble?

One of the great anomalies of investing: The historical long - term outperformance of certain smart beta or factor - based strategies relative to the broader equity market (think choosing stocks based on their valuations, momentum, low volatility or quality metrics such as profitability).

Specifically, Faber uses the cyclically - adjusted price / earnings ratio («CAPE»), a metric popularized by Yale economist Robert Shiller, as a valuation tool to rank countries.

This suggests comparing today's valuation metrics to past levels may not be as useful a guide to future returns as in previous cycles.

-LSB-...] The Index next separates the top 25 % of these countries as measured by Cambria's proprietary long term valuation metrics.

As for valuation metrics, I use past earnings, forward earnings, book value, Free cash flow, and sales — I give higher weights to free cash flow, book value, and sales.

Gray and Carlisle do extensive back testing on virtually every valuation metric under the sun, including industry standards such as price / earnings («P / E»), price / sales («P / S») and price / book value («P / B»).

In that sense all analysis of stock market based on historical metrics do nt make much sense since composition of stocks is entirely different in different era and as more capital efficient business model evolve and their time to market cycle shrinks stocks likely to command higher valuations and suddenly lower valuations during short period of time like already happening for many technology companies and as influence of technology on overall cost structure of companies increases (for example: robotics replace many of employees cost etc) valuation matrix of most companies likely to get affected dynamically in short duration of time than in the past.

If this type of option is completely off the table, you're basically just left with a situation where it's your negotiation skills vs the remaining manager, and that (assuming you have little to no regard for anything but making the most money from the deal), becomes much more like a poker game of trying to work out which valuation metrics they will be responsive too, what weaknesses you feel they have and hammering away at them as hard as possible while trying to not show any of your own weaknesses.

I don't worry too much about the particulars such as which valuation metric is best.

Since one common valuation metric is EV / EBITDA, a higher numerator will make the stock seem more expensive - that is the EV / EBITDA ratio will seem higher when using excess cash as opposed to cash.

While other approaches are more appropriate for industry - specific analysis, such as price - to - book for banks, the P / E is a widely - accepted metric in assessing the overall stock market's valuation.

As expected, valuations become more expensive on all metrics, as we move from the cheapest (quintile 1) to the most expensive (quintile 5) stockAs expected, valuations become more expensive on all metrics, as we move from the cheapest (quintile 1) to the most expensive (quintile 5) stockas we move from the cheapest (quintile 1) to the most expensive (quintile 5) stocks.

We do this using valuation metrics such as the Price - to - Earnings Ratio, Price - to - Book Ratio, or Earnings Yield.

As far as MMM goes, you can see exactly how the current valuation (using a number of metrics) stacks up against the recent historical averageAs far as MMM goes, you can see exactly how the current valuation (using a number of metrics) stacks up against the recent historical averageas MMM goes, you can see exactly how the current valuation (using a number of metrics) stacks up against the recent historical averages:

I have dabbled in quantitative factor models in the past, and normally I start with an index, group by sector, and then compare each company relative to its sector (I use valuation metrics, liquidity, technical factors such as relative strength and price relative to moving averages, earnings volatility, earnings estimates revisions, balance sheet metrics, beta, and a proprietary risk / reward metric).

The article cites comments by columnist Mark Hulbert, who refers to valuation metrics such as P / E, price - book, price - sales and price - dividend ratios as weak indicators of market tops but adds that we ignore them «at our peril, since it's also true that almost all bull market tops in history... Read More

It's trading at a 6.6 x P / E-ratio while the other valuation metrics are as follows:

As I mentioned earlier, the median price - earnings ratios (P / E) and price - sales ratios (P / S) actually surmounted the peaks at the end of the last two bull market cycles — the metrics went beyond the valuation peaks hit in 2000 and in 2007.

In the first article of this series we demonstrate the relationship between valuations (defined as P / B) and returns on a five - year horizon, fully aware that P / B is only one of several valuation metrics and that the five - year comparison was not ideal for fast - turnover factors and strategies.

The quality focus also seeks to avoid «value traps» — companies with favourable valuation metrics as they approach bankruptcy, that a pure value exposure would likely fall into.

Value Stocks: Stocks that appear to be trading at a discount to their intrinsic worth, as measured by various different valuation metrics.

The equity portion of the Treasure Trove Twelve portfolio owns the top 12 stocks as ranked by quantitative metrics that reveal an enticing combination of valuation, profitability, and dividend safety.

Clearly, Ben Graham had a strong focus and opinion regarding a P / E ratio of 15 as an important valuation metric.

Popular metrics of aggregate market valuation, such as Wilshire Total Market Index to U.S. GDP, price to forward earnings ratio, price to book value ratio, price to cash flow ratio, cyclically adjusted price to earnings ratio (CAPE), the ratio of annual forward dividend to price (dividend yield), indicate the U.S. stock market is overvalued by between 10 per cent and 60 per cent.

As much as it pained me to do so, I've now abandoned book - to - market as my primary valuation metriAs much as it pained me to do so, I've now abandoned book - to - market as my primary valuation metrias it pained me to do so, I've now abandoned book - to - market as my primary valuation metrias my primary valuation metric.

(A value trap is a stock that appears to be cheap by traditional valuation metrics, such as price - to - book.

When investors are buying stocks indiscriminate of things such as a company's earnings or basic valuation metrics, it's a good sign that we're in bubble territory.

The relative valuation metrics, such as market cap / GDP, CAPE, Tobin's Q, and Hussman's PE which need to be added to dividend yield and growth to capture total return, generate forecasts that are less optimistic.

In my mind the dollar is severly at risk to rising inflation, which changes many popular valuation metrics, yet stocks as an asset class should benefit in some ways as they represent claims to real assets whose earnings should grow with inflation.

I totally agree with you and with Buffett; nonetheless there's one question, that came to my mind regarding market valuations: Assuming bonds and interest rates go even lower as they are today, at which level (pe ratio or Shiller pe ratio — or whatever metric you'd like to take) would I call the market of today a bubble?