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It was another time, another valuation, and even the Maserati was then around $10,000 worth of extravagance.
Much the same message emerges from another valuation method, which, rather like the price-to-dividends ratio for equities, measures the relationship of house prices to rents.Yet such yardsticks are not the final word.
There is no graph of the cyclically adjusted price-earnings ratio, another valuation measure, in its presentation book, although the subject did arise in questions at the conference: David Kostin, a strategist, said Wall Street was slightly above fair value on this measure.
Though the offer, worth 7,000 rupiah, or 77 U.S. cents, per Danamon share, may appears to be steep, it is less generous using another valuation yardstick: At 2.6 times book value, the deal is below the ratio of some other big banking takeovers in Indonesia.
If the stock passed, I ran another valuation using a discount rate of 8% and a CAP (competitive advantage period) of 10 years.
Although this trend is troubling, VCs still have time to reverse this behavior before seeing their own investments lose key hires — or before talk of another valuation bubble becomes more serious.
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They then called for another expert valuation on the planes, which by then had been grounded for a year: the valuers marked them down to just $18m each.
Another is valuation.
It's the only thing worse than asking if the current wave of frothy valuations are "ANOTHER TECH BUBBLE".
And more uncertainty could also refocus investor attention on valuation, another fundamental factor.
Commercial properties, which account for most of the tax refunds, entail another set of valuation complexities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com