Franchise Value A Modern Approach to Security Analysis

Author/creator Leibowitz, Martin L., 1936- Author
Format Electronic
Publication InfoWiley [Imprint] Hoboken : John Wiley & Sons, Incorporated
Description512 p. ill 23.600 x 016.250 cm.
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects

SeriesWiley Finance Ser.
Summary Annotation <b>A modern approach to equity valuation</b><p>Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market&prime;s assessment of the firm&prime;s future. He then introduce readers to the franchise&ndash;value approach to analyzing the prospective cash flows that determine a company&prime;s P/E. The franchise&ndash;value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations.</p><p><b>Martin L. Leibowitz</b>, PhD (Stamford, CT), is Vice Chair and Chief Investment Officer at TIAA&ndash;CREF, where he is responsible for the overall management of all TIAA&ndash;CREF investments. He has authored several books and more than 130 articles, nine of which have received a Financial Analysts Journal Graham and Dodd Award of Excellence.</p>
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2004040858
ISBN9780471647881
ISBN0471647888 (Trade Cloth) Active Record
UPC 723812658350
Standard identifier# 9780471647881
Stock number00028608

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Electronic Resources Access Content Online ✔ Available