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.
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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.
This puts the market at a 640 valuation sometime this year unless there's evidence of the economy bottoming out by year-end.
Valuation levels are decent across the market at this point, and the earnings expectations bar is set so low that there is little room for disappointment.
Airline stocks are statistically cheap at half the market's valuation.
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In valuation terms, emerging-market shares now stand at a 15-20% discount to developed markets.
The city council has agreed to review rent charges at the market and has asked the Valuation office agency to conduct the assessment.
In fact, we believe Best Buy should continue to trade at a lower relative valuation versus the group and the market.
At the core of this battle is a disagreement about stock market valuation.
Today Pfizer sells at 34 times projected 1999 results, twice the market's valuation.
When looking at how the market has historically valued the stock, the current valuation should appeal to investors looking for a buy and hold candidate.
Apple is at a magic moment in its history in terms both of market valuation and market dominance, yet would you really want to replace Steve?
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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.
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.
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However, the flip side of this, at least for now, is that the U.S. market simply throws valuation metrics out of the window when it comes to superstar companies like Apple.
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.
Both companies are similarly valued if you look at market capitalization plus debt as a ratio of earnings before accounting charges, a common valuation tool for telecom firms.
Wu, who has a Buy rating on the stock, says he attempted to value the business with a sum-of-the-parts approach, looking at the value of each major part of the business based on the valuation of comparable companies in the public market.
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