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

Oleg Salmanov, Natalia Babina, Svetlana Bashirova and Marina Samoshkina

MPRA Paper from University Library of Munich, Germany

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.

Keywords: : valuation; valuation multiples; ratio analysis (search for similar items in EconPapers)
JEL-codes: G12 M41 (search for similar items in EconPapers)
Date: 2015-03-20, Revised 2015-03-20
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Published in Asian Social Science Vol. 11, No. 8; 2015.Vol.11(2015): pp. 253-263

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:112271

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