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Multiples for Valuation Estimates of Companies in the Technology Sector of Emerging Markets

Author

Listed:
  • Salmanov, Oleg
  • Babina, Natalia
  • Bashirova, Svetlana
  • Samoshkina, Marina

Abstract

Market multiples are a tool for estimation corporate value. These tools are expressed as temporal dynamics and differences in the markets, sectors, industries, firms. Despite their great practical application, a number of problems remains which continue to be debated. This article examines the explanatory power of multiples, and makes a comparison of multiples for the technology sector with the market as a whole, and multiples for the technology sector of Emerging Markets are established within the ranking, most fully explaining the value of stocks using an approach that ensures mitigating the differences in multiples from basic variables.

Suggested Citation

  • Salmanov, Oleg & Babina, Natalia & Bashirova, Svetlana & Samoshkina, Marina, 2015. "Multiples for Valuation Estimates of Companies in the Technology Sector of Emerging Markets," MPRA Paper 112271, University Library of Munich, Germany, revised 20 Mar 2015.
    • Handle: RePEc:pra:mprapa:112271
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    : valuation; valuation multiples; ratio analysis;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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