问题如下：
Matt has collected three comparable companies to Company M. He believes that P/E, P/BV, and P/CF of these companies could be used to estimate the value of Company M. The relevant information is shown in the following two tables.
What’s the average estimated stock price of Company M based on the comparable company approach?
选项：
A.$38.65
B.$40.59
C.$42.81
解释：
B is correct.
考点：Comparable Company Analysis
解析：先计算出可比公司对应的三个乘数的平均值。
(P/E)average =(21.50+20.15+23.22)/3 = 21.62 P(P/E) = 21.62*1.98 = $42.81
(P/BV)average = (3.10+4.33+3.72)/3 = 3.72 P(P/BV) = 3.72*10.4 = $38.65
(P/CF)average = (10.85+12.40+11.30)/3 = 11.52 P(P/CF) = 11.52*3.5 = $40.32
P = (42.81+38.65+40.32)/3 = $40.59
老师好，请问comparable company approach 不是要计算premium吗？上一题才说了啊
