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

Reynolds Holding

FEBRUARY 22, 2023

The J-Pill experienced a near death, as many companies withdrew defensive measures in the still-quiescent domestic market for corporate control. The number of listed companies with defensive measures peaked at 574 in August 2008 and fell to 387 in October 2018. [3]

Marketability 64

Marketability Book Value Market Capitalization 64

Musings on Markets

JANUARY 9, 2021

Challenge rules of thumb and conventional wisdom : Investing has always had rules of thumb on how and when to invest, ranging from using historical PE or CAPE ratios to decide if markets are over valued, to simplistic rules (eg. buy stocks that trade at less than book value or trade at PEG ratios less than one) for individual stocks.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52