Share Valuations
asr: interesting to see this 'Book value' , is this more stable than P/E ratio to initiate short position?, let us do some research
Shares on the Asian measure are now worth 1.1 times book value, cheaper than those in the U.S. and Europe. The S&P and the Dow Jones Stoxx 600 Index trade at 1.8 times book value. Asia's stocks traded as high as 2.6 times book in May 2007, when U.S. stocks were at 2.9 times and Europe was at 2.6 times.
Thursday, October 23, 2008
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