CFA论坛 - Powered by Discuz! Board

标题: Reading 44: Market-Based Valuation: Price and Enterprise Val [打印本页]

作者: 土豆妮 时间: 2011-3-18 15:36 标题: [2011]Session 12-Reading 44: Market-Based Valuation: Price and Enterprise Val

Session 12: Equity Investments: Valuation Models
Reading 44: Market-Based Valuation: Price and Enterprise Value Multiples

LOS f: Discuss methods of normalizing EPS, and calculate normalized EPS.

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.

[此贴子已经被作者于2011-3-21 11:32:39编辑过]

作者: 土豆妮 时间: 2011-3-18 15:37

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

A)
comparables.

B)
historical average earnings per share (EPS).

C)
average return on assets.

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

作者: 土豆妮 时间: 2011-3-18 15:38

The goal of normalizing earnings is to adjust for:

A)
cyclical elements.

B)
seasonal 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/)