A purely relative valuation supports 700p per share.
Physicians clearly understand this relative valuation being signaled to them.
Any exchange rate is a relative valuation of two currencies.
However recent share price strength leaves the relative valuation somewhat full, at more than twice that of the sector".
Imperial's share price has underperformed year to date, but a secure yield and modest relative valuation should offer support at current levels.
Pretty quickly, that will affect the relative valuation of subjects: so if you are good at art, you will think that doesn't amount to very much".
"We think that this stock can still benefit from not only an increase in earnings but also an improvement in its absolute and relative valuation".
5) We are of the view that short-/medium-term catalysts are becoming scarce, while relative valuation no longer looks attractive.
Two makers of communications microchips, PMC-Sierra and Applied Micro Circuits, declined after Smith Barney said that a sharp rise in the shares had pushed the relative valuation of the companies above historical levels and above other chip makers.
Although we remain positive on the long-term fundamentals, we believe the company's robust track record and growth prospects vis-à-vis its oil services peers are now close to being fairly reflected in its premium relative valuation.
