Dec 3, 2003 10:14
20 yrs ago
English term
Johanna Holmberg (X)
longer-term multiple discount
English
Bus/Financial
Equity funds
I'm not sure whether to interpret this as "longer-term discount based on the multiples" or "discount based on the longer-term multiples".
"Whilst Financials continue to trade at a discount to the
broader equity market this has closed in the last 6 months, and the sector is trading close to its longer-term multiple discount."
"Whilst Financials continue to trade at a discount to the
broader equity market this has closed in the last 6 months, and the sector is trading close to its longer-term multiple discount."
Responses
| 5 | Neither really |
Gilbert Ashley
|
| 5 +2 | price to earnings |
Gilbert Ashley
|
Responses
3 hrs
Gilbert Ashley
Accuracy and Clarity in your Translation
Works in: English to Spanish, Spanish to English, English, and 1 more.
Related KudoZ points
:
16
Selected
Neither really
It simply means that finanicial stocks are trading closer to their historical average discount as compared to the broader equity market.
4 KudoZ points awarded for this answer.
Comment: "Thanks for your help!"
+2
3 hrs
Gilbert Ashley
Accuracy and Clarity in your Translation
Works in: English to Spanish, Spanish to English, English, and 1 more.
Related KudoZ points
:
16
price to earnings
I forgot to add- multiples refers to the price:earnings ratio. If historically the broad based index has an average, say of 25:1 price to earnings ratio, and financials had an average of 15:1, they trade at a discount compared to the broad market. If, now thea are tarding at 20:1 P/E then they are trading closer to the market as a whole than they were before.
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