Board logo

标题: Reading 42: Market-Based Valuation: Price and Enterprise Val [打印本页]

作者: 土豆妮    时间: 2010-4-19 15:35     标题: [2010]Session 12-Reading 42: Market-Based Valuation: Price and Enterprise Val

Session 12: Equity Investments: Valuation Models
Reading 42: Market-Based Valuation: Price and Enterprise Value Multiples

LOS g: Discuss normalized EPS and the methods of normalizing EPS and calculate normalized EPS by each method.

 

 

 

The average return on equity (ROE) earnings normalization method relies on:

A)
average ROE over the most recent cycle.
B)
average earnings per share (EPS) over the most recent cycle.
C)
the earnings yield.



 

The average return on equity normalization method normalizes EPS as the average ROE over the most recent full cycle multiplied by book value per share.


作者: 土豆妮    时间: 2010-4-19 15:35

A method commonly used to normalize earnings is the method of:

A)
comparables.
B)
average return on assets.
C)
historical average earnings per share (EPS).



A common method in normalizing earnings uses the historical average EPS.


作者: 土豆妮    时间: 2010-4-19 15:35

The goal of normalizing earnings is to adjust for:

A)
seasonal elements.
B)
cyclical elements.
C)
non-cash charges.



The goal of normalizing earnings is to adjust for cyclical elements.






欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) Powered by Discuz! 7.2