The effect of using a portfolio of comparable firms on the accuracy of the price-earnings valuation method

The Price-Earnings (P/E) Valuation Method estimates a firm's stock price as the product of its earnings and the P/E multiple determined from a set of comparable firms. This paper studies empirically the accuracy of the P/E valuation method when comparable firms are selected on the basis of the...

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Bibliographic Details
Main Authors: Chua, Kok Hua, Leong, Peng Ham, Pang, Poh Yong
Other Authors: Yeo, Gillian Hian Heng
Format: Theses and Dissertations
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/20117
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Institution: Nanyang Technological University
Language: English