Musings on Markets

JANUARY 9, 2021

The second was that, starting mid-year in 2020, equity markets and the real economy moved in different directions, with the former rising on the expectations a post-virus future, and the latter languishing, as most of the world continued to operate with significant constraints.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Musings on Markets

MAY 7, 2023

Price to Book Ratio: Choice and Drivers There is no sector where price to book ratios get used more than in banking and financial services, for two reasons. To use the price to book ratio to price banks, I begin by identifying its drivers, and that is simple to do, if you start with an intrinsic equity valuation model.

Banking 63

Banking Price to Book Dividends Book Value 63

Deal Law Wire

FEBRUARY 12, 2021

Thresholds under both statutes decreased slightly, meaning more transactions may be reviewable or notifiable, respectively, than in 2020. Not publicly traded entity (acquisition of shares): Total acquisition value, plus total liabilities (excluding operating liabilities), minus cash and cash equivalents. Competition Act.

Enterprise Value 40

Enterprise Value Book Value Market Capitalization Marketability 40

Reynolds Holding

FEBRUARY 22, 2023

Meanwhile, developments in Japanese corporate governance that percolated for nearly two decades recently culminated in a market that has substantially increased the relevance of the pill. In 2020, Japan was home to the second largest number of activist campaigns (66) after the United States. [8] 687, 688 (2020). [4] 16, 2011. [7]

Marketability 64

Marketability Book Value Market Capitalization 64

Musings on Markets

FEBRUARY 27, 2022

To make comparisons, profits are scaled to common metrics, with revenues and book value of investment being the most common scalar. The largest sector, in the US, in terms of market capitalization, is information technology and I have argued that tech companies age in "dog years" , with compressed life cycles.

Start-ups 80

Start-ups Equity Book Value Marketability 80

Musings on Markets

FEBRUARY 27, 2023

Book versus Market : The book debt ratio is built around using the accounting measure of equity, usually shareholder's equity, as the value of equity. The market debt ratio, in contrast, uses the market's estimate of the value of equity, i.e., its market capitalization, as the value of equity.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

OCTOBER 6, 2023

While I have seen claims that intangibles now account for sixty, seventy or even ninety percent of value, I take these contentions with a grain of salt, since the definition of "intangible" is elastic, and some stretch it to breaking point, and the measures of value used are questionable.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104