Equity valuation using multiples:A comparative study showing the best predictor
This study examines different value driver’s explanatory power on the stock prices. I found this study fascinating as enlightens the reasons behind the extensive use of multiples to estimate equity’s intrinsic value and also consequently influences the existence of multiples during a company’s finan...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/25327/ |
| _version_ | 1848792959473942528 |
|---|---|
| author | vaid, mrinal |
| author_facet | vaid, mrinal |
| author_sort | vaid, mrinal |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study examines different value driver’s explanatory power on the stock prices. I found this study fascinating as enlightens the reasons behind the extensive use of multiples to estimate equity’s intrinsic value and also consequently influences the existence of multiples during a company’s financial analysis.
Two approaches which are used in this paper are the pricing error analysis and Regression analysis for making comparison among the performance of the key value drivers. I also did a comparison between value driver’s performances across different industries. I used data of the all the firms in United States for the period of twenty years i.e. from 1988 to 2007. I got all this data from COMPUSTAT and CRSP. After completing my study I conclude that explains the stock prices reasonably well as they carry value relevant information. Performance results for value drivers across different industries confirmed that industry specific multiples are present. |
| first_indexed | 2025-11-14T18:52:41Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-25327 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:52:41Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-253272018-02-17T14:02:29Z https://eprints.nottingham.ac.uk/25327/ Equity valuation using multiples:A comparative study showing the best predictor vaid, mrinal This study examines different value driver’s explanatory power on the stock prices. I found this study fascinating as enlightens the reasons behind the extensive use of multiples to estimate equity’s intrinsic value and also consequently influences the existence of multiples during a company’s financial analysis. Two approaches which are used in this paper are the pricing error analysis and Regression analysis for making comparison among the performance of the key value drivers. I also did a comparison between value driver’s performances across different industries. I used data of the all the firms in United States for the period of twenty years i.e. from 1988 to 2007. I got all this data from COMPUSTAT and CRSP. After completing my study I conclude that explains the stock prices reasonably well as they carry value relevant information. Performance results for value drivers across different industries confirmed that industry specific multiples are present. 2011-10-06 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/25327/1/dissertation.pdf vaid, mrinal (2011) Equity valuation using multiples:A comparative study showing the best predictor. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | vaid, mrinal Equity valuation using multiples:A comparative study showing the best predictor |
| title | Equity valuation using multiples:A comparative study showing the best predictor |
| title_full | Equity valuation using multiples:A comparative study showing the best predictor |
| title_fullStr | Equity valuation using multiples:A comparative study showing the best predictor |
| title_full_unstemmed | Equity valuation using multiples:A comparative study showing the best predictor |
| title_short | Equity valuation using multiples:A comparative study showing the best predictor |
| title_sort | equity valuation using multiples:a comparative study showing the best predictor |
| url | https://eprints.nottingham.ac.uk/25327/ |