Exact(18)
Physicians clearly understand this relative valuation being signaled to them.
At the $20 billion valuation being bandied about, Zynga would trade at more than 200 times historic earnings.
But the impressive financial performance doesn't guarantee that Glencore can get a flotation at the $60 billion equity valuation being mooted in the market.
"The 2009 interim valuation being published today by the scheme trustees shows that the scheme's deficit has increased from £470m in 2008 to around £2bn," they said.
"This is a classic example of a crazy valuation being justified by long-term strategic value," commented Richard Windsor, an ex-Nomura analyst who now runs the RadioFreeMobile consultancy.
Merrill Lynch said: "We continue to highlight Severn Trent's relatively attractive valuation, being the only one of the four listed UK water stocks not trading at a premium to return on asset value, in our view.
Similar(42)
Valuation is his mantra.
The valuation is very clear.
The average valuation is $1.65 million.
Valuation is the main driver.
"Valuation is a distant second".
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