ShirleyWan
2022-05-29 00:31L3V3 p239. In Example B, company C's forward P/E is 2.2, which is absolutely and relatively low compared to other companies. (1) why should not this stock be a good candidate under the relative valuation approach？ （2）The solution said it's a good candidate under the deep-value approach. Through definition, deep-value approach chooses low P/B company and company under financial distress. How can I tell the P/B is low and it is under financial distress?
所屬：CFA Level III > Equity Portfolio Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
開開助教
2022-05-31 12:30
該回答已被題主采納
同學(xué)你好，
1、因?yàn)閐eep value approach的投資邏輯就是投資估值水平很低的公司。C公司的P/E不論是絕對(duì)水平還是相對(duì)誰都是很低的，是這種策略會(huì)考慮的標(biāo)的。
2、deep value會(huì)投資估值很低的公司，P/E和P/B都是體現(xiàn)估值的指標(biāo)，但是P/B更加常用，但低P/E也是符合的。估值極低的公司通常是公司財(cái)務(wù)情況不太好的，所以市場才會(huì)壓低它的估值。不過這里沒說也沒法確認(rèn)，這題還是主要通過低P/E去判斷。
【點(diǎn)贊】喲~。加油，祝你順利通過考試~
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