Fidanza, Barbara - Dipartimento di Studi Sullo Sviluppo Economico (DISSE), … - 2008
2000 to 2006, which comparables selection method generates the most precise forecasts when appraising with price …/earnings, price/book value, price/sales, enterprise value/EBIT and enterprise value/FCF multiples. Comparables firms are selected by … comparables firms on the basis of sector and ROA or sector and size is more accurate; moreover, valuation improves when multiples …