000			02067nam a22002297a 4500
999			_c2856 _d2856
005			20220719111008.0
008			220719b ||||| |||| 00| 0 eng d
020			_a9781484255513
082			_a338.52 _bCAL
100			_aCalhoun, George _96734
245			_aPrice and value: a guide to equity market valuation metrics
260			_bApress _aNew Jersey _c2020
300			_axxxi, 391 p.
365			_aEURO _b37.99
520			_aAbout this book Understand how to use equity market metrics such as the price/earnings ratio (and other multiples) to value public and private enterprises—identify and qualify investments and assess business strategy and performance. Author George Calhoun, Founding Director of the Quantitative Finance Program at Stevens Institute of Technology, shows you how to use metrics to appraise mergers, acquisitions, and spin-offs. You will be able to shed light on financial market conditions, benchmark fair value assessments, and check and calibrate complex cash flow models. While multiples are easy to construct, they can be difficult to interpret. The field has become more complex and the question of which metrics perform best can be a source of controversy. You will; Know the definitions, interpretations, and applications of all major market ratios, including: price/earnings (trailing and forward), cyclically adjusted price/earnings, cash-adjusted price/earnings, EV/EBITDA, price/sales, dividend yield, and many more Examine the factors that drive the values of ratios from firm level (such as earnings growth, leverage, and governance) to market level (such as inflation, tax and fiscal policy, monetary policy, and international characteristics) Apply metrics in: investment analysis, index construction, factor models, sum-of-the-parts analysis of corporate structures, and detection of asset bubbles
650			_aPrices _97740
650			_aBank marketing _97512
650			_aBusiness enterprises--Finance _9200
650			_aFinancial risk _97552
650			_aInvestment analysis _9194
942			_2ddc _cBK