Page 69 - FINAL CFA I SLIDES JUNE 2019 DAY 12
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Session Unit 14:
         Multiples Based on
                                                                  49. Equity Valuation: Concepts and Basic Tools
         Comparables



                                                                                                          Calculate Renee’s lagging

                                                                                                          P/E, P/CF, P/S, and P/B
                                                                                                          ratios. Judge whether the
                                                                                                          firm is undervalued or

                                                                                                          overvalued using the
                                                                                                          following relevant

                                                                                                          industry averages for
                                                         tanties                                          20X3 and the firm’s

                                                                                                          historical trend
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