Multiples for Valuation Estimates of Companies in the Technology Sector of Emerging Markets

Salmanov, Oleg and Babina, Natalia and Bashirova, Svetlana and Samoshkina, Marina (2015): Multiples for Valuation Estimates of Companies in the Technology Sector of Emerging Markets. Published in: Asian Social Science , Vol. Vol.11, No. Vol. 11, No. 8; 2015 (20 March 2015): pp. 253-263.

Abstract

Market multiples are a tool for estimation corporate value. These tools are expressed as temporal dynamics and differences in the markets, sectors, industries, firms. Despite their great practical application, a number of problems remains which continue to be debated. This article examines the explanatory power of multiples, and makes a comparison of multiples for the technology sector with the market as a whole, and multiples for the technology sector of Emerging Markets are established within the ranking, most fully explaining the value of stocks using an approach that ensures mitigating the differences in multiples from basic variables.

• Item Type: MPRA Paper
• Language: English
• Keywords: : valuation, valuation multiples, ratio analysis
• Subjects: G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting

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