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"There are compelling valuation arguments, with 53percentt of the FTSE-100 yielding more than 10-year bonds," said Alan Custis, who runs portfolios of large British stocks for JP Morgan Fleming Asset Management.
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The valuation argument seems to depend on what one views as relevant comparisons.
There is a powerful roll forward valuation argument for Kaz (net present value could double in two to three years); however, this assumes almost perfect project delivery (a rarity in the copper industry) and copper prices of 300c or higher.
The average price-to-earnings ratio of A share Chinese stocks now exceeds 40, which should put to rest any hope of making a reasonable valuation argument.
The Great Valuation Debate.
Definition A map ϕ : K n × K n → R is called a bivaluation if ϕ is a valuation in each argument.
In fact, we obtain a more general polynomial expansion formula for translation invariant Minkowski valuations when the arguments are Minkowski sums of zonoids.
Arguments about valuation point in one direction: macroeconomic currents are flowing the other way, and seem the stronger force.
(I think the market is undervalued, which is why, unfortunately, I've been fully invested in it for a while now, but I'm not making an argument about valuation).
This finding lends weight to the argument that valuation of chronic health states by children affected by these health states should not be included for the purpose of economic analysis as the child's resilience might result in better values for health states.
Part-exchange deals are notoriously difficult because of the arguments over the valuation of the makeweight and the challenge in getting his consent to the move.
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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