Practical Applications of And the Winner Is … A Comparison of Valuation Measures for Equity Country Allocation

Z. Zaremba, J. Szczygielski
{"title":"Practical Applications of And the Winner Is … A Comparison of Valuation Measures for Equity Country Allocation","authors":"Z. Zaremba, J. Szczygielski","doi":"10.3905/pa.8.3.402","DOIUrl":null,"url":null,"abstract":"Practical Applications Summary In And the Winner Is … A Comparison of Valuation Measures for Equity Country Allocation, from the July 2019 edition of The Journal of Portfolio Management, Adam Zaremba of the University of Dubai and Jan Szczygielski of the Newcastle Business School at Northumbria University examine the performance of 14 valuation ratios to see which are best for country-level equity allocation. They assess seven performance metrics and calculate ratios of each against both enterprise value (EV) and market equity (ME). For individual stocks, the ratio of earnings before interest, tax, depreciation, and amortization (EBITDA) to EV is consistently TOPICS: Accounting and ratio analysis, mutual funds/passive investing/indexing, emerging","PeriodicalId":179835,"journal":{"name":"Practical Application","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Practical Application","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/pa.8.3.402","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Practical Applications Summary In And the Winner Is … A Comparison of Valuation Measures for Equity Country Allocation, from the July 2019 edition of The Journal of Portfolio Management, Adam Zaremba of the University of Dubai and Jan Szczygielski of the Newcastle Business School at Northumbria University examine the performance of 14 valuation ratios to see which are best for country-level equity allocation. They assess seven performance metrics and calculate ratios of each against both enterprise value (EV) and market equity (ME). For individual stocks, the ratio of earnings before interest, tax, depreciation, and amortization (EBITDA) to EV is consistently TOPICS: Accounting and ratio analysis, mutual funds/passive investing/indexing, emerging
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
“胜者为王”的实际应用——股权国家配置的估值方法比较
2019年7月出版的《投资组合管理杂志》(the Journal of Portfolio Management)上的一篇文章《赢家是……股票国家配置的估值方法比较》中,迪拜大学的亚当·扎伦巴(Adam Zaremba)和诺森比亚大学纽卡斯尔商学院的简·什齐吉尔斯基(Jan Szczygielski)研究了14种估值比率的表现,看看哪种估值比率最适合国家层面的股票配置。他们评估七个绩效指标,并计算每个指标与企业价值(EV)和市场权益(ME)的比率。对于个股而言,息税折旧摊销前收益(EBITDA)与EV的比率始终如一。主题:会计和比率分析,共同基金/被动投资/指数,新兴市场
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
Practical Applications of Joanne Hill – Conversation with Frank Fabozzi Practical Applications of The Life Journey of Wealthy Women: Evolving Experiences Around Money, Work, Family, and Life Choices of Ultrawealthy Women Practical Applications of Sales Dispersion: A Robust Factor to Consider to Achieve Alpha Practical Applications of The Free Boundary of the American Put Practical Applications of The Evolution of Private Equity Fund Value
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1