Although the company trades at a below-market valuation, even more importantly it currently trades at a strong discount to the quality premium that the market has historically awarded their shares.
FORBES: Target Corp Offers Solid Value And An Above Market Yield
Continental Europe is cheap, with a sector-adjusted price-to-earnings market valuation that is at a 30% discount to the U.S. That, Credit Suisse says, is very close to an all-time low.
That's on top of more lengthy disclosure of break-point discounts, holdings, market-timing policies and fair valuation of securities.
"There is still a huge extended over-valuation in the market - any change in the employment situation and consumer sentiment due to income changes will tend to push prices down, " Mr Stansfield says.
The market may sell as low as 10 times earnings for a while but when inflation is low and 10-year Treasuries yield approximately 4%, the market normally sells at a mid-teens price-earnings valuation.
If there is gross over-valuation in the stock market, the impact will be worse.
In valuation terms, emerging-market shares now stand at a 15-20% discount to developed markets.
Given the market sell-off of RIM shares, the valuation is getting interesting for value investors.
Mr. Halligan declined to disclose HubSpot's valuation but said public-market investors offered 18% to 20% higher prices than typical private-company investors.
Or to put it another way, everything it owns outside the UK has an implicit valuation in the market of more-or-less nothing - which, some would say, is bonkers.
Should a Green Economy approach include the creation of financial sustainability mechanisms, economic valuation (both market and non-market values) of key coastal habitats, and incentives to promote change to more sustainable uses such as ecotourism and small-scale fisheries?
Market crashes are healthy reactions to periods of over-valuation.
Its proposals would aim to eliminate much of the incentive for market-timing by, for example, having fair valuation, so that prices do not go stale and thus cannot be manipulated as they are now.
The finders and landowners can expect to be paid market value for their discovery - after an inquest and valuation - which has led to some big rewards and given a great incentive for the most valuable finds to be reported.
The best buy list is based upon disruptive technology in a long-term secular growth trend, sustainability, market leadership and valuation.
Looking at the way the market has historically valued Harley-Davidson, it appears that the valuation is starting to get just a bit too rich based on our methodology.
The semiconductor and equipment industry normally trades at a premium to the market, when measured in terms of the relative valuation of risk-adjusted EVA performance.
FORBES: Intel, Applied Materials Among Top 5 Semiconductor Bargains
Given the current valuation of Tri-Tech Holding in the capital market, we chose the corporate bonds instrument from the domestic market and believe this will efficiently fund our operations on a non-dilutive manner that is in the best interests of our shareholders.
Unless you believe recession lurks around the corner along with the double whammy of rising inflation and interest rates, the multiplier for the stock market hangs in the low to mid-teens tier, a good working valuation.
Age-wave theorists believe that age demographics affect U.S. stock market valuation.
Finally, we believe Och-Ziff has a strong management team, solid track record of healthy risk-adjusted returns, market share gain opportunities, accelerating fund inflows, and an attractive valuation.
The only true test would be to see if any of the items valued were transacted within 24-36 months of the valuation (basically two to three cycles of the art market) and then compare the actual net auction proceeds to the heirs to the valuation by the Panel.
FORBES: Is Art Advisory Panel Giving Taxpayers A Fair Shake ?
But my positive small-cap outlook for 2013 and beyond is driven more by valuation and company fundamentals than market psychology.
On a price-to-sales basis 2.3x to 6.5x has proven to be a normal market valuation historically, but it is currently only 1.2x.
This puts the market at a 640 valuation sometime this year unless there's evidence of the economy bottoming out by year-end.
应用推荐