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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Historical Growth in Revenues & Earnings 1. Profit Margins 1. Costs of equity & capital 1. Earnings Multiples 2. Fundamental Growth in Equity Earnings 2. Return on Equity 2. Fundamenal Growth in Operating Earnings 3. Revenue Multiples 4.

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Data Update 5 for 2025: It's a small world, after all!

Musings on Markets

I am no expert on exchange rates, but learning to deal with different currencies in valuation is a prerequisite to valuing companies. To assess pricing in markets, you have to scale the market cap to operating metrics, i.e., estimate a multiple, and while easy enough to do, there are some simple rules to follow in pricing.