Microvaluation (SS7 - CFAI Volume 3 Reading 24) address, return, future

dmrktrading

Where in Reading 24 do they address LOS 24f (LOS 24f: evaluate the intrinsic value and estimated rate of return of the stock market by estimating future earnings per share and determining an appropriate earnings multiplier)? Is it on pages 178-179? Or somewhere else?
Thanks in advance!

sabaruch

elcfa,
TKVM for your recommendation.

luckygiftvn

The steps are same: start from sales down to earnings, but the logic/drivers of some numbers are a bit different (e.g., depreciation, margin,..). Recommend that you walk through an example to make sure you understand the logic.

edgeon

Basically, the principles and processes are almost same as that of individual stock as in L2, right ?

ba736

just P/E multiple

ramdabom

On page 171 of book 3 is how to estimate future earnings per share.

ramzes

Arrgghhh I don’t have Schweser! Anyone know which page LOS 24f is covered within the Reading 24 of the CFAI textbook? It must be there because it is a LOS! Thanks!!!

kim226

I don’t understand your answer. Grinold is not mentioned in Reading 24 (is it?) - LOS 24f should be covered in Reading 24 - but which page(s)? Thanks!

hariRaj

Closer to Grinold reading…