Topic: Valuation
2 posts tagged “Valuation”.
Price-to-Sales: The Overlooked Ratio
Earnings can be depressed or manipulated; revenue is harder to distort. Ken Fisher popularised the price-to-sales ratio to find value hidden in cyclical troughs, turnarounds and early-stage profitable businesses.
DCF Done Right: Bull, Base and Bear
A discounted cash flow model has three inputs that really matter — and most analysts get the last one too optimistic. Running bear, base and bull cases turns a single guess into a margin of safety.