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Observable valuation measures hint at a shareholder preference for simplicity.
Mr. Heppelmann uses a variety of valuation measures, depending on the industry.
The first two factors examine potential earnings growth and various valuation measures, depending on the industry.
Western valuation measures, sceptics were told, were irrelevant in the Tokyo market.
For highly prestigious properties, valuation measures such as price per square metre are only an approximation.
A month later, 5 of the 18 valuation measures deviated from the midpoint.
His analysis also generates the hypothetical breakup value of a company, using private real estate valuation measures.
"Right now, valuation measures are being thrown out the window," said Phillip Coburn, a strategist at Warburg Dillon Read.
As befits his iconoclastic stance, Mr. Loest disregards company earnings, growth rates, intrinsic worth and other commonly used valuation measures.
The lesson that many people have taken from such stock moves is that the old valuation measures are irrelevant.
Today, with or without the technology component of the S. & P. 500, those valuation measures are at extremes.
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CEO of Professional Science Editing for Scientists @ prosciediting.com