Remove Discounted Cash Flow Remove Equity Multiples Remove Market Capitalization
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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.). at the end of 2022 to 0.94 in May 2022.

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