The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies
Multiples method has been renowned for equity valuation in empirical studies and practices of finance. This paper intends to give explanation about the extent of performance of various methodology of valuation using multiple for nonfinancial companies equity analysis. P/E multiple, P/BV multiple...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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| author | SYARIFUDDIN, HASYA SYAHIDA |
| author_facet | SYARIFUDDIN, HASYA SYAHIDA |
| author_sort | SYARIFUDDIN, HASYA SYAHIDA |
| collection | UGM |
| description | Multiples method has been renowned for equity valuation in empirical studies and practices
of finance. This paper intends to give explanation about the extent of performance of various
methodology of valuation using multiple for nonfinancial companies equity analysis. P/E
multiple, P/BV multiple and EV/EBITDA multiple are attested to explain variety of market
value of stock price. EV/Sales multiple is less suggested as equity valuation model of nonfinancial
companies. Examination based on non-financial sectors aggregate finds that nonindustrial
sector has lower coefficient estimate of multiple measurements compared to
industrial sector. We suggest, to further investigate, P/BV multiple for equity valuation using
multiples for non-financial companies. |
| first_indexed | 2024-03-13T23:07:29Z |
| format | Thesis |
| id | oai:generic.eprints.org:124569 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T23:07:29Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1245692016-03-04T08:45:07Z https://repository.ugm.ac.id/124569/ The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies SYARIFUDDIN, HASYA SYAHIDA Financial Management Multiples method has been renowned for equity valuation in empirical studies and practices of finance. This paper intends to give explanation about the extent of performance of various methodology of valuation using multiple for nonfinancial companies equity analysis. P/E multiple, P/BV multiple and EV/EBITDA multiple are attested to explain variety of market value of stock price. EV/Sales multiple is less suggested as equity valuation model of nonfinancial companies. Examination based on non-financial sectors aggregate finds that nonindustrial sector has lower coefficient estimate of multiple measurements compared to industrial sector. We suggest, to further investigate, P/BV multiple for equity valuation using multiples for non-financial companies. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed SYARIFUDDIN, HASYA SYAHIDA (2013) The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=64723 |
| spellingShingle | Financial Management SYARIFUDDIN, HASYA SYAHIDA The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title | The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title_full | The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title_fullStr | The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title_full_unstemmed | The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title_short | The Accuracy of Equity Valuation Using Multiples for Non-Financial Companies |
| title_sort | accuracy of equity valuation using multiples for non financial companies |
| topic | Financial Management |
| work_keys_str_mv | AT syarifuddinhasyasyahida theaccuracyofequityvaluationusingmultiplesfornonfinancialcompanies AT syarifuddinhasyasyahida accuracyofequityvaluationusingmultiplesfornonfinancialcompanies |