Data Update 1 for 2023: Setting the table!
Musings on Markets
JANUARY 6, 2023
For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive. Price to Book 3. Standard deviations in equity and firm value 4. Financing Flows Accounting Returns Dividends & Ownership Risk Premiums 1.
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