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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title P/E Ratio: Fundamentals and Variability within an Industry
Organization Unit
Authors
  • Adam Kandziora
Supervisors
  • Kjell G. Nyborg
  • Lilia Mukhlynina
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 104
Date 2016
Abstract Text While many studies have been conducted over past years trying to identify the most relevant factors influencing the variability of P/E multiples, most of them focus on actually observed P/E multiple. In my thesis, in order to isolate from market effects, I investigate the justified P/E ratio, i.e. I decompose the P/E multiple and use its fundamental components in order to answer the central question of my thesis, which is: where does the variability of P/E ratio within the same industry come from?
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