Assessing Relative Valuation in Equity Markets

Thisbook addresses the gap between the widespread use of stock market multiples invaluation practice and the frontiers of research on multiples. The book''s approachis twofold: the authors first analyse the performance of multiples metrics inpredicting the market price of a set of liquid and highly traded US stocks. Theauthors then employ these results to test profitable stock purchasingstrategies...