Musings on Markets

OCTOBER 6, 2023

The Value of Intangible Assets Accounting has historically done a poor job dealing with intangible assets, and as the economy has transitioned away from a manufacturing-dominated twentieth century to the technology and services focused economy of the twenty first century, that failure has become more apparent.

Intangible Assets 125

Intangible Assets Book Value Equity Start-ups 125

Musings on Markets

JANUARY 5, 2024

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Revenue Multiples 4.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Chris Mercer

AUGUST 1, 2022

Were also bigger and had higher market capitalizations and better operating performance, on average. The differing natures of the two groups of transactions can be seen when looking at the price/book value multiples. And what about the terminal value that gives rise to capital appreciation?

Dividends 52

Dividends Appraisal Marketability Start-ups 52

Musings on Markets

JANUARY 26, 2025

I follow up by looking at companies broken down by market capitalization, with an eye on whether the much-vaunted small cap premium has made a comeback. In the process, I also look how much the market owes its winnings to its biggest companies, with the Mag Seven coming under the microscope. Where does that leave us?

Price to Book 76

Price to Book Start-ups Book Value Marketability 76