Page 23 - FINAL CFA SLIDES DECEMBER 2018 DAY 14

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