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标题: P/BV Calculation (Equity section) [打印本页]

作者: former 时间: 2011-7-11 19:15 标题: P/BV Calculation (Equity section)

Equity reading 44 page 518:

How do we get to the equation

P/B=(ROE-g)/(r-g) ?

Thanks very much

作者: FinancialAnaly 时间: 2011-7-11 19:15

Wow nvm it's footnoted.

作者: Pegasus2008 时间: 2011-7-11 19:15

yeah, srsly, just memorize so that on the exam you can plug and chug.

also, you should probly know this one:

P/B = 1 + (RoE - r)/(r-g)

mainly because it helps you remember this one:

P = B + B(RoE-r)/(r-g)

作者: jacksparrow 时间: 2011-7-11 19:15

P = D1/(r-g)=E1*(1-RR)/(r-g)=BV*ROE(1-RR)/(r-g)=BV*(ROE-g)/(r-g) since g = RR*ROE.

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