Browsing by Subject "long-run abnormal returns"

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Multiples Valuation and Abnormal Returns

Yoon, Jun (2015-04-17)

I investigate whether three commonly used valuation multiples—the Price-to-Earnings Ratio, the EV-to-EBITDA multiple, and the EV-to-Sales multiple—can be used to identify mispriced securities. I find that multiples are successful ...