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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Main Authors: | , , |
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Other Authors: | |
Format: | Theses and Dissertations |
Language: | English |
Published: |
2009
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/20117 |
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Institution: | Nanyang Technological University |
Language: | English |