Valuation methods capable of considering trade-offs among multiple cost and benefit criteria under uncertainty are thus more likely to be policy relevant.
When Japanese shares traded at intimidating multiples of profits in the late 1980s, sceptics were told that Western valuation methods simply did not apply to Tokyo stocks.
Several interviewees noted industry variations in the desktop valuation methods, "Telecommunications and service industries tend to prefer multiples (e.g., economic value and/or EBITDA), while the financial sector prefers discounted cash flow".
This study introduces a real options-based methodology which overcomes the limitations of traditional valuation methods and enables decision-makers to value an ERP system investment incorporating multiple options.
The Natural Capital Coalition aims to build on existing valuation methods rather than develop new ones.
So, the thinking went, their share prices deserved equally radical valuation methods.
As a result, two separate valuation methods have emerged".
They developed valuation methods as they went along.
Market-based valuation methods are usually based on industry benchmarks.
The NPV and options valuation methods may give different results.
