CFA Level 2 | Equity Valuation: Deriving the Justified Price-to-Book (P/B) Ratio

Описание к видео CFA Level 2 | Equity Valuation: Deriving the Justified Price-to-Book (P/B) Ratio

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CFA Level 2
Topic: Equity Valuation
Reading: Market-Based Valuation: Price and Enterprise Value Multiples

This session runs through the derivation of the Justified Price-to-Book Ratio. The justified P/B ratio is the P/B ratio of a company when the shares are fairly valued.

There are three components that drive the justified P/B ratio:
1) Return on equity
2) Growth rate
3) Required return on equity / Cost of equity

Visit www.noesis.edu.sg/programme/cfa for more information on CFA Program prep courses offered by Noesis Exed (Noesis Academy)

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