Exact(3)
UBS said the sector looked cheap on a price/earnings basis, relative to the rest of the market.
Evolution Securities said Venture looked cheap on most measures: "This [the 725p paid by Centrica} is a low price compared other deals Centrica has completed in the North Sea over the last four years". In the market Venture has jumped another 10p to 765p while Centrica is up 1p at 237.25p.
In June 2007, financial stocks looked cheap on a P/E [price-to-earnings ratio] and price/book basis, which encouraged many value investors to increase their holdings in bank stocks.
Similar(57)
The crude animation that looks charming online would look cheap on TV.
New suburban houses may look cheap on paper, but getting to them is not.
The same advice holds true for finishes: choose simple polished chrome, nickel or brass, she says, and avoid faux-antique effects, which can look cheap on midrange hardware.
It said: "The most likely path ahead is that confidence and risk appetite return gradually as market participants recognise that some assets look cheap on a fundamental basis.
The outperformance is probably down to the "value" bias of the fundamental approach buying stocks (or bonds) that look cheap on traditional valuation criteria and underweighting the most expensive.
Another tried-and-trusted route to outperformance is to take a "value" approach: buying the shares of companies that look cheap on some valuation measure, such as the ratio of the share price to profits.
So when analysts say the market looks cheap on a historic basis, they are really saying it looks attractive relative to a period that saw one of the greatest bull markets ever known.You can avoid this by using a cyclically adjusted p/e ratio, which averages profits over the past ten years.
And shares that look cheap on conventional measures (asset value, dividend yield, price-earnings ratio) also tend to deliver above-average returns, but belong to firms that are likelier to go bust.According to a paper by Cliff Asness, who co-founded AQR, the better performance of momentum stocks is not merely a reflection of higher risk.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com