Is not the practice of using book value multiples alone to value a company a flawed system, given that book value = net assets.
Effectively you look at the business as an asset, how can you value businesses on a book value multiple given that all businesses (assets) generate different rates of return, can reinvest these returns at different rates of return yet again. Furthermore businesses (assets) have variable rates of capital that must be reinvested into them to maintain current operations.
Bearish Chart, page-5
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Last
$196.82 |
Change
-0.150(0.08%) |
Mkt cap ! $26.00B | |||
| Open | High | Low | Value | Volume |
| $195.72 | $199.97 | $194.78 | $25.02M | 127.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1591 | $196.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $197.09 | 113 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| REA (ASX) Chart |