Valuation signals have been among the most popular between equity portfolio managers. Given the large variation of … interest to equity portfolio managers. Our results show that sophisticated valuation models are superior – although not … universally – relative to simple valuation models in many respects. Thus, we conclude that sophisticated models have interesting …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and …. This review is useful to academics for developing cutting-edge treatments of financial theory that EMH, anomalies, and …

This dissertation is concerned with company valuation using the practically popular trading multiple approach. To … analytical connection between multiples and fundamental valuation. Furthermore, I propose an adjustment framework to … appropriately reflect firm-specific economic properties such as minority interest or net pension liabilities in multiple valuation …

diverged from their intrinsic value. This paper presents an analysis of anomaly returns in the presence of the theory of the …