EFTA01079016Set 9
2015-12-3169p22,497w
Integrated Theory of Business Valuation, Peabody
Publishing, 2004.
13 Peters, Jerry O., "Adjusting Price/Earnings Ratios for Difference in Company Size," Business Valuation Review (June 1999).
34
Goeldner, Richard, "Practical Application ... also examined historical volatility, estimated costs of equity capital, payout ratios, dividend yields and
price/earnings multiples for selected publicly traded investment management firms in order to develop a current estimate
https://www.justice.gov/epstein/files/DataSet%209/EFTA01079016.pdf
EFTA01089619Set 9
2013-04-2546p24,794w
crisis continue to subside. In this horizon.
case, add deep cyclical value (cheap price/book, price/earnings) regardless of the sector, with high beta and high • Globally, mid-cap stocks provide attractive
https://www.justice.gov/epstein/files/DataSet%209/EFTA01089619.pdf
EFTA01089678Set 9
2012-10-2544p21,521w
this opportunities over the longer term.
case, add deep cyclical value (cheap price/book, price/earnings) regardless of the sector, with high beta and
high leverage. In such an environment, small
https://www.justice.gov/epstein/files/DataSet%209/EFTA01089678.pdf
EFTA01089574Set 9
2013-02-2145p23,567w
crisis continue to subside. In this horizon.
case, add deep cyclical value (cheap price/book, price/earnings) regardless of the sector, with high beta and high • Globally, mid-cap stocks provide attractive
https://www.justice.gov/epstein/files/DataSet%209/EFTA01089574.pdf