Fair value is a great concept, and supported by people like Ben Graham, inspiration to Warren Buffett et al. Roger Montgomery makes a good case for it too. The challenge is to agree on a basis to calculate it, and to get input data to plug into the equations, normally closely held information. My suggestion is to adopt a source of data, follow a consistent method yourself and accept that the outcome is a guide not a precise figure to within say 10%.
There are other criteria besides buying below fair value, but I suggest you document your method, hold yourself accountable to it, and allow that in medium term market can move against you 3 years out of 5 but over a lifetime you should do better than most technical analysts.
Not to deny a place for TA but it is not for me.
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Last
$3.81 |
Change
-0.110(2.81%) |
Mkt cap ! $44.02B |
Open | High | Low | Value | Volume |
$3.87 | $3.88 | $3.76 | $126.1M | 32.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4845 | $3.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.81 | 715754 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 986 | 4.110 |
1 | 300 | 4.000 |
1 | 2405 | 3.990 |
1 | 2411 | 3.960 |
3 | 2732 | 3.900 |
Price($) | Vol. | No. |
---|---|---|
3.550 | 33555 | 3 |
3.600 | 6360 | 2 |
3.640 | 1064 | 1 |
3.650 | 2659 | 1 |
3.670 | 26485 | 5 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
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TLS (ASX) Chart |