trogulj

No clue what you are saying….
justified P/E = (1-b)/r-g
multiply by net profit margin and you get
(1-b)(profit margin)/r-g
this is justified price/sales (leading)
multiply by ROE and you get
(1-b)(roe)/r-g AKA (ROE-g)/(r-g)
this is justified price / book (leading).