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

• المؤلفون الرئيسيون: Chua, Kok Hua, Leong, Peng Ham, Pang, Poh Yong
• مؤلفون آخرون: Yeo, Gillian Hian Heng
• التنسيق: Theses and Dissertations
• اللغة: English
• منشور في: 2009
• الموضوعات: DRNTU::Business::Finance::Equity
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/20117
• المؤسسة: Nanyang Technological University

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...