Sentences with phrase «relative valuation multiples»

Damodaran shows in an unpublished study of 550 equity research reports that EM, along with Price / Earnings and Price / Sales, were the most common relative valuation multiples used.

Not exact matches

Domestic - facing stocks have faster expected sales and earnings growth but trade at a nearly two point P / E multiple valuation discount relative to stocks with high international sales.

The HFRI Relative Value (Total) Index is managed by maintaining positions in which the investment thesis is predicated on realization of a valuation discrepancy in the relationship between multiple securities.

HFRI Relative Value Index maintains positions in which the investment thesis is predicated on realization of a valuation discrepancy in the relationship between multiple securities.

From a fundamental perspective, however, valuations have normalized, relative to both the index's history and multiples of global peers.

Finally, looking at valuation, European banks traded at a material discount to tangible book value, one standard deviation3 below their historic forward price - earnings multiple, and near a 20 - year low relative to global banking peers as the year came to a close.4 We are also finding select financial sector values in Asia, in both mature, under - earning banking markets like South Korea and Singapore, as well as underpenetrated, growth - oriented markets like China (particularly in insurance) and India (particularly in banking).

When this happens (all business cycles eventually do come to an end) we'll be left with double valuation headwinds: falling earnings forcing high valuation multiples higher and higher stock / bond relative PE ratios.

Relative valuations (vs. a sector or the general market) might be relied upon either, based on some of the same ratios or EBITDA multiples, for example.

However, with Welltower trading near all - time highs and many bond - like stocks trading at premium valuation multiples relative to history, short - term, more risk averse investors need to keep in mind the risk of a short to medium - term correction if rates do begin to rise and cause capital outflows for bond - like stocks.

Valuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinValuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinvaluation multiple to the key statistic of the asset being valued.

At 13 times forward earnings, Apple already suffers from the lowest relative valuations within the cohort, and is even lower than the greater S&P 500's multiple of 17 times, so any multiple expansion would be welcomed.