|Author||Topic: L2 assistance: Justified Price Multiples|
Appreciate if someone can explain to me to derive the justified price multiples ratios from the normal ratios.
for instance, the P/B ratios is mkt Price/BVPS. The justified P/B is ROE-g/r-g.
Greatly appreciate your help.
CFA Discussion Topic: L2 assistance: Justified Price Multiples
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