NO.PZ2022061307000092
问题如下:
Question Equity valuation models that are based on a ratio of share price to some fundamental variable are best described as:选项:
A.multiplier models. B.present value models. C.asset-based valuation models.解释:
SolutionA is correct. Multiplier models are based chiefly on share price multiples or enterprise value multiples. Models based on share price multiples estimate the intrinsic value of a common share from a price multiple for some fundamental variable, such as revenues, earnings, cash flows, or book value.
B is incorrect because present value models estimate the intrinsic value of a security as the present value of the future benefits expected to be received from the security (without consideration of the firm’s enterprise value or share price).
C is incorrect because asset-based valuation models estimate the intrinsic value of a common share from the estimated value of the assets of a corporation minus the estimated value of its liabilities and preferred shares (without consideration of the firm’s enterprise value or share price).
如题