Minjina, Dragos - In: Analele Stiintifice ale Universitatii "Alexandru Ioan … 55 (2008) November, pp. 103-110
Multiples play an important role in valuation. P/E and P/B multiples are in negative relation with the cost of equity, which in turn is influenced by risk and interest rate. The P/E multiple is mainly driven by future earnings growth, whereas the major drivers of the P/B multiple are future...