The Importance of Price Earnings Ratio in Equity Valuation on Stock Exchange Market
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Stephen H. Penman, 1998. "Combining Earnings and Book Value in Equity Valuation," Contemporary Accounting Research, John Wiley & Sons, vol. 15(3), pages 291-324, September.
- Kaplan, Steven N & Ruback, Richard S, 1995.
"The Valuation of Cash Flow Forecasts: An Empirical Analysis,"
Journal of Finance, American Finance Association, vol. 50(4), pages 1059-1093, September.
- Steven N. Kaplan & Richard S. Ruback, 1994. "The Valuation of Cash Flow Forecasts: An Empirical Analysis," NBER Working Papers 4724, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Andreea Vasiliu & Neculai Tabara, 2013. "Methods for Determining the Degree of Underestimation or Overrating of Shares Using PER Analysis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 84-99, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ivanovski Zoran & Narasanov Zoran & Ivanovska Nadica, 2018. "Performance Evaluation of Stocks’ Valuation Models at MSE," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 11(2), pages 7-23, June.
- Peter Roosenboom, 2007. "How Do Underwriters Value Initial Public Offerings? An Empirical Analysis of the French IPO Market," Contemporary Accounting Research, John Wiley & Sons, vol. 24(4), pages 1217-1243, December.
- Andreea Vasiliu & Neculai Tabara, 2013. "Methods for Determining the Degree of Underestimation or Overrating of Shares Using PER Analysis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 84-99, June.
- Wen-Shiung Lee, 2013. "Merger and acquisition evaluation and decision making model," The Service Industries Journal, Taylor & Francis Journals, vol. 33(15-16), pages 1473-1494, December.
- Lian, Qin & Wang, Qiming, 2012. "Acquisition valuations of withdrawn IPOs: When IPO plans turn into mergers," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1424-1436.
- Eberhart, Allan C., 2005. "A comparison of Merton's option pricing model of corporate debt valuation to the use of book values," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 401-426, March.
- Jani Saastamoinen & Hanna Savolainen, 2021. "Does a leopard change its spots? Auditors and lawyers as valuation experts for minority shareholders in the judicial appraisal of private firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(3-4), pages 613-636, March.
- Groh, Alexander P. & Gottschalg, Oliver, 2009. "The opportunity cost of capital of US buyouts," IESE Research Papers D/780, IESE Business School.
- Roosenboom, Peter, 2012. "Valuing and pricing IPOs," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1653-1664.
- Begona Giner & Carmelo Reverte, 1999. "The value relevance of earnings disaggregation provided in the Spanish profit and loss account," European Accounting Review, Taylor & Francis Journals, vol. 8(4), pages 609-629.
- Begona Giner & Carmelo Reverte, 2001. "Valuation implications of capital structure: a contextual approach," European Accounting Review, Taylor & Francis Journals, vol. 10(2), pages 291-314.
- Cornell, Bradford, 2000. "Valuing Intel: A Strange Tale of Analysts and Announcements," University of California at Los Angeles, Anderson Graduate School of Management qt4dm1h6qh, Anderson Graduate School of Management, UCLA.
- Wang, Shinn-Shyr & Stiegert, Kyle W., 2006.
"The Duopolistic Firm with Endogenous Risk Control: Case of Persuasive Advertising and Product Differentiation,"
Staff Paper Series
496, University of Wisconsin, Agricultural and Applied Economics.
- Wang, Shinn-Shyr & Stiegert, Kyle W., 2006. "The Duopolistic Firm with Endogenous Risk Control Case of Persuasive Advertising and Product Differentiation," Working Papers 201535, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
- Eberhart, Allan C., 2001. "Comparable firms and the precision of equity valuations," Journal of Banking & Finance, Elsevier, vol. 25(7), pages 1367-1400, July.
- Gentry, James A. & Whitford, David T. & Sougiannis, Theodore & Aoki, Shigeo, 2002. "Do Accounting Earnings or Free Cash Flows Provide a Better Estimate of Capital Gain Rates of Return on Stocks?," Working Papers 02-0111, University of Illinois at Urbana-Champaign, College of Business.
- Patricio Del Sol & Pankaj Ghemawat, 1999. "Strategic Valuation of Investment Under Competition," Interfaces, INFORMS, vol. 29(6), pages 42-56, December.
- Pengguo Wang, 2018. "Future Realized Return, Firm‐specific Risk and the Implied Expected Return," Abacus, Accounting Foundation, University of Sydney, vol. 54(1), pages 105-132, March.
- Fernandez, Pablo, 2003. "Levered and unlevered Beta," IESE Research Papers D/488, IESE Business School.
- Luigi Zingales, 2000.
"In Search of New Foundations,"
Journal of Finance, American Finance Association, vol. 55(4), pages 1623-1653, August.
- Luigi Zingales, 2000. "In Search of New Foundations," CRSP working papers 515, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Luigi Zingales, 2000. "In Search of New Foundations," NBER Working Papers 7706, National Bureau of Economic Research, Inc.
- Zingales, Luigi, 2000. "In Search of New Foundations," CEPR Discussion Papers 2551, C.E.P.R. Discussion Papers.
- Mishra, Dev R. & O'Brien, Thomas J., 2005. "Risk and ex ante cost of equity estimates of emerging market firms," Emerging Markets Review, Elsevier, vol. 6(2), pages 107-120, June.
More about this item
Keywords
relative valuation; multiples; peer group; mean;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2011:i:3:p:104-120. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.