findings of statistical studies of multipliers calculated for the industry, as well as their volatility for the 12-year period …) calculated with volatility calculated in different ways have been analyzed. In particular, mulltiplicator volatility introduced … calculated using the usual stock volatility statistics (when possible) led to lower estimated risk values compared to those …

, the multipliers themselves exhibit volatility in time and space (in the transition from one company to another, even … multiplier volatility of shares is introduced and a formula is proposed for its evaluation. Calculated with volatility evaluated … risk measures obtained by using conventional statistical stock volatility assessments (whenever possible) led to lower risk …