以下是引用youzizhang在2009-3-9 17:14:00的发言:
LOS j, (Part 2): Explain the importance of fundamentals in using the method of comparables.
Q1. Enhanced Systems, Inc., has a price to book value (P/B) of five while the median P/B of a peer group of companies within the industry is five. Based on the method of comparables, an analyst would most likely conclude that ESI should be:
A) viewed as a properly valued stock.
B) bought as an undervalued stock.
C) sold or sold short as an overvalued stock.
Q2. Enhanced Systems, Inc., (ESI) has a leading price to sales (P/S) of 0.18 while the median leading P/S of a peer group of companies within the industry is 0.10. Based on the method of comparables, an analyst would most likely conclude that ESI should be:
A) bought on margin as an undervalued stock.
B) sold or sold short as an overvalued stock.
C) bought as an undervalued stock.
Q3. Enhanced Systems, Inc., (ESI) has a leading price to book value (P/B) of four while the median P/B of a peer group of companies within the industry is six. Based on the method of comparables, an analyst would most likely conclude that ESI should be:
A) viewed as a properly valued stock.
B) sold as an overvalued stock.
C) bought as an undervalued stock.