valuation

But long-term investors think the country's economic boom mean valuations may not stay so low for more than a year or two.

All that cash has also inflated valuations of fledgling businesses, making it harder for VC funds to turn a profit on them.

Moreover, suppose that risk premiums should be permanently lower and asset valuations permanently higher: by how much?

Yes, their valuations reached frothy levels, too, but at least there was a more solid business behind them.

Like all sciences and all valuations, the psychology of women has hitherto been considered only from the point of view of men.

However, he said, they were cautious about investing at a time of high domestic valuations.

The question is how much room there is for the sector's heady valuations to progress.

A bit of sand in the gears will also remind investors not to ignore valuations.

Part of that outperformance may be the result of the stratospheric valuations on which equities traded in the late 1990s.

David Viniar, chief financial officer at Goldman, said valuations had got "way out of whack" , and denied the bank was rescuing the fund.

Both calls focused on financial projections, company valuations and an analysis of the deal put together by the company and its advisers.

Indeed, the correction has helped to ease valuations , which had begun to test more stretched levels in certain sectors and markets.

The trouble is, all this exuberance has already been priced into many valuations.

It is buoyed by the developing pick-up in economic activities and the fact that equity valuations are now back above pre-Lehman levels.

Traders said there was more scope for Wynn Macau shares to fall due to its steep valuations.

The idea was that the high valuations weren't all that important.

But his reports seem to have the same kiss of death impact on valuations for the companies he targets.

Valuations for companies like Baidu, Renren and Sina show gyrations not always explained by the performance of their underlying businesses.

I felt that the combination of poor sentiment, valuations and the length of the downturn argued for a reversal of the bear market.

"We would have an overweight for India if it weren't for its valuations, " he said.

But it was mysterious to me that the super-angels would quibble about valuations.

He said his evaluation of the data indicates that many Internet companies merit their sky-high valuations.

While equity valuations were looking reasonable, Mr Ablin said, he preferred cash and short-term government debt.

He wants the department to provide more frequent valuations of a portfolio of assets it has obtained as part of the bailout.

The first, at least as it applied to stock market valuations, proved false.

The soaring numbers put Facebook at the head of a pack of Internet firms that have snagged huge valuations in short periods.

Valuations of asset management firms have not been as high for close to a decade and founders are keen to cash in their stakes.

Mr. Lee said he believes the fast economic and Internet sector growth help offset any high startup valuations.

and company founders want to put money in the bank while fund valuations look healthy.

We took a look at the lightning fast right that took Groupon to its current valuations.

The growing economic power of Japan, one of the first Asian export powerhouses, raised concerns in the US about unfair currency valuations.

His conclusion is clear: "Countries with high-growth potential do not offer good investment opportunities unless valuations are low" .

By then, analysts guess, the price will have fallen back a bit, along with some of the wilder share valuations.

In it, he maintained that he bought almost all his companies at valuations "below the market average of our LBO peers" .

It also highlights the relative attractiveness of equity, as opposed to debt, financing at a time when Asian company valuations have soared.

In the retail sector, other groups have seen rising valuations, more as the result of continued growth than swift turnrounds.

But the British market may do rather better than still-stretched valuations suggest.

The interaction of these economic and technical changes has altered market valuations, volatility, velocity and liquidity.

Many owners who would be selling up in normal times are waiting because of low valuations, says Mr Handelsman.

Expectations can be a major factor in stock valuations for years; you don't always get what you foresee.

On private exchanges, Facebook shares have subsequently changed hands at valuations of the company as high as $70 billion.

If valuations rise, how do you know whether the market is overvalued or that the trend rate has accelerated?

A number of foreign fund managers have begun poking around the market, impressed by the valuations.

If investors line up for RenRen's shares, high valuations and all, it could pave the way for an obscenely lucrative Facebook offering.

Whether that will be enough to support Facebook's lofty valuations remains to be seen.

The downward slide in public valuations would have an effect on private valuations, venture capitalists said, but it would be manageable.

Given the high valuations in the mainland market at the moment, many companies would probably be willing sellers.

Many investors also take issue with basing valuations against even historical earnings posted through the middle part of this decade.

Data on more than 23, 000 song valuations resulted, allowing the professors to get a sense of the actual demand curves for popular songs.

The sudden run-up in valuations in several markets has sparked some caution.

"Vendors need to get their minds around lower valuations than expected, " he said. "That can take a couple of months. "

And the result of valuations after the statistics is in accordance with the different directions.

And keeping valuations low is possible because it doesn't cost much to start something anymore (especially if you keep the scope narrow).

Higher valuations aren't the only reason companies choose to list on an exchange.

And the long period of large-cap underperformance has caused valuations across the market to become compressed.

Otherwise arbitrage opportunities would exist, and the result would be a leveling of relative prices and real currency valuations.

Since its original decision, commodity prices have soared, boosting mining valuations and undermining much of the rationale for the deal.

The soaring valuations have led to a shift in investing strategies from growth capital to early venture dealmaking.

About time, too, given that the company has lagged behind this year's revival in cable valuations.

This trend would likely result in valuations decreasing if commitments to venture funds do not increase.

Stock valuations are cheap, so if earnings hold up, investors are likely to be better positioned in stocks than in bonds or cash, they said.

THE SEVENTH HOUSE rules accountancy, banking, corporations, exchanges, contracts, equity, discounting, surveying, valuations, probate, etc.

Valuations are high, the price-earnings ratio in Shanghai is about 25, but they are well below the sort of levels reached in 2001.

We see a relaxation in US monetary policy as probable during the next few months, and we view valuations as very reasonable in most markets.

That's the only rational explanation for focusing on getting the right valuations, instead of the right companies.

Indeed, Mr. Buffett likely made a bet on Goldman because he felt comfortable with the valuations on its balance sheet.

All of China's banks have taken a beating so far this year, with valuations across the sector sharply down.

Equity valuations, as measured by the price-earnings ratio, tend to be highest when inflation is low and stable.

But the difference of a few years on stock-market valuations is obviously extreme.

Mr. Shen said he was 'puzzled' at times by the valuations in recent Chinese internet IPOs, though he didn't name names.

"And of course valuations are depressed, so it's not a bad idea to buy at these levels for a long-term strategic investor. "

The number of deals with (pre-investment) valuations of at least $100m is also increasing, according to Cooley, a law firm (see chart).

As investors bought equities, valuations (and thus prices) rose, enticing them to put more money in the stockmarket.

As the IPO market slowly opens up, the pressure is on to show a profit -- particularly for those that received such sky-high valuations.

At first glance valuations may not look especially demanding, but at the height of a decade-long boom this can be deceptive.

There is a young man who is so confused about receiving totally different valuations about him from different people.

With investors looking at growth as the basis of valuations, multiples now are probably as good as they will ever be.

Some believe that as corporate earnings expand during the recovery, stocks can continue to rise without valuations rising too high.

Steel company valuations are poised for a fall as increased Chinese output is cutting its reliance on imported supplies.

It is not ridiculous to envisage some of today's hottest emerging markets trading on similar valuations after eruptions of political risk.

They must demonstrate that they are capable of generating the returns that justify the lofty valuations investors have given them.

Like veteran stock-market traders, people respond in predictable, if unconscious, ways to the valuations of the social marketplace.

All are 'cheap for a reason, ' meaning their low valuations are owed to investor concerns over their growth prospects.

Yet valuations have certainly risen, especially for the leading firms in this latest, "social" phase of the digital revolution.

According to Bevis, the angel investors he came across were too greedy in their valuations of his fledgling venture.

That doesn't take away the fact that valuations in many Asian stock markets are no longer looking cheap.

The theory now accepts that some wizards can outperform the market and that valuations aren't perfectly accurate at any one minute.

"Be bullish, while valuations still look undemanding, " Liu said in a report dated yesterday.

For corporate credit, valuations continue to be extremely attractive with spreads pricing in excessive level of default risk.

Fundamentals are again solid but BHP will not accept peak commodity bubble valuations as a benchmark.

Investors have to be more selective, [to] look at valuations and the domestic factors that drive individual economies.

However, the underlying fundamentals for the region have not changed, and valuations are attractive relative to history, and their peers.

That said, equity valuations are particularly cheap, relative to other developed markets, although significant risks to earnings remain.

However, as liquidity has flowed into the market, we find more attractive valuations in Singapore-listed stocks with exposure to Indonesia.

But things like corporate fundamentals and stock valuations didn't seem to matter in 2008.

But with the renminbi not freely convertible and China's stock markets isolated from international capital flows, valuations diverge widely.

Valuations for these developers are already low. But an extended stay in purgatory, rather than a quick bounce back to heaven, lies ahead.

One commissioner, Heather Murren, said "it doesn't sound like there was a lot of challenge" to the valuations Goldman was giving assets.

Any time that valuations are being driven by a revenue model that has yet to be proven, you need to keep both eyes open.

It will also involve checking that asset valuations reflect the possibility of a severe recession.

The other concern, among nature lovers, is that valuations may not always give the answers that they want.

The fundamentals of many emerging markets are much stronger than indicated by their equity valuations.

If US, Europe and China slowing what are the prospects for global economy, corporate profits, market valuations?

Historically, in Asia higher inflation has initially been positive for equity markets, being supportive of higher valuations and earnings.

On valuations, average emerging market stocks are trading at a 10% discount to developed market stocks on a forward price-to-earnings ratio.

There is no evidence of a conspiracy to post unreasonably low valuations.

With returns in line with cost of equity, valuations in excess of book value look hard to justify. Yet U.

Those banks with the least capital probably have more generous valuations.

appraisal Approach: Valuations done with base values per square meter with adjustment coefficients that were approved by city lawmakers.

In 1998 and 1999, studiously bearish investors questioned stock market valuations and called the run-up in stocks unsustainable.

Groupon's attraction is largely as a challenger to Facebook, king of the opaque valuations.

The dearth of such deals is a reflection of China's red-hot domestic stock market, which has inflated the valuations of acquisition targets.

These disclosures might include key drivers affecting valuations, fair-value-range estimates, and confidence levels.

Institutional investment bank specializing in corporate valuations and equity research.

But valuations do not matter much in a bubble.

After the final statistical distribution grade sample valuations, the frequency of ore amount of industrial index proportion.

Environmental valuations aim to solve a problem that troubles both economists and ecologists: the misallocation of resources.

It would make sense for super-angels to want low valuations if they're hoping to invest in startups that get bought early.

Lower valuations in many markets, investors holding a large amount of money.

"Several banks recapitalized in third quarter and valuations remain relatively attractive, " the analyst said.

Experts say some media companies could take advantage of the drop in valuations to hunt for bargains.

Asia ex-Japan will be the likely beneficiary, as valuations still remain relatively reasonable and earnings economic growth remains strong.

How the group can act together to keep out new angel investors invading the market and driving up valuations.

Most level-three assets are "marked to model" , and the valuations are only as good as the assumptions that are plugged in.

This, say the bulls, still gives the market plenty of scope to rise, as valuations often go up sharply in the later stages of bull markets.

When the crisis eases and confidence returns, valuations are bound to recover.

Better-scoring firms that were publicly traded also had higher stock-market valuations than similar firms with poorer management scores.

Coming events cast their shadows before. Our valuations are always anticipations.

Finally, equity market valuations in many emerging economies are extremely cheap by historical standards.

It revealed that today's equity valuations are more a product of larger external forces than of their own fundamentals.

At a discount to historic valuations and the broader market, this suggests that sub-par growth prospects for all three companies lie ahead.

If valuations look excessive and geopolitical risks are rising, then it seems likely that market volatility will increase.

The surprise lately has been the performance of small and midcap companies-those with market valuations of less than $5 billion.

TPG has told investors it values its portfolio more conservatively than its peers and expects valuations to improve, these investors say.

Understand when accounting departs from the "transactions-based" model and towards market-driven valuations.

A Twitter spokesman declined comment on its finances, valuations and interest by other companies.

The prospect of higher valuations has wooed Chinese internet entrepreneurs to Nasdaq and resource companies to Singapore.

Besides, valuations of Chinese stocks listed in Shanghai and Shenzhen are distorted by their limited availability.

Valuations are becoming more demanding, but are not in any way extreme, especially if one factors in the region's long-term potential.

Including analysis of capital investment proposal, development of accounting and budgetary control system, and business valuations.

We factor in the risk that the upward price momentum could continue even though the valuations are starting to become stretched.

So on this analysis, we started this decade at historically irrational valuations.

Equity valuations the world over are meant to incorporate predictions of corporate earnings and, by extension, economic fundamentals.

And those who do raise VC rounds will be able to get higher valuations when they do.

And back in 2006, social-network valuations sky-rocketed accordingly.

Companies floated abroad could list in Shanghai or Shenzhen to take advantage of high valuations.

But he believes some of the other big valuations are justified by China's potential.

Despite the severity of the downturn, not all industries are witnessing sinking valuations.

After fully training on the model, valuations on the blocks influenced by highway are processed and the valuation results are synthesized.

However the Euro has appreciated significantly in 2007, and looks increasingly expensive in valuations terms, against the US dollar.

Assigning a dollar figure to Medicare patients' lives may sound crass, but such valuations are routine in Americans' daily lives.

This is bound to be reflected, sooner or later, in currency valuations.

Valuations are also more reasonable, and that makes some deals more attractive.

Despite the high valuations, some investors say Chinese solar stocks are still a good buy when one looks at projected future earnings.

And if the transaction was closed at higher-than-expected valuations, clients tend to pay additional fee.

Although that market could fall further in the short-to-medium term, we perceive that it is supported by reasonable valuations .

"It means that people pay a lot more attention to what is going on in the rest of the world and valuations in other markets. "

Although he believes banks offer good growth potential, he says their valuations look, by western standards, fairly high.

While currency valuations are a world of wonkery, sometimes key moments in that market can have lasting impact on the stock market.

Mr Piper's overpricing was first suspected in April 2008 when Morgan Stanley began a review of his valuations.

Taxpayers could foot bill for inflated valuations of assets in government's protection scheme amid talk of potential 'fraud'

Whilst in the near term we will continue to stay cautious, we are mindful that valuations are cheap and also the consensus is quite bearish.

Valuations are also reaching attractive territory following the falls in share prices , says Mr Ebrahim .

Despite the high valuations, Twitter's executives and board are continuing to work on building a large, independent company.

The combination of lower interest rates, fiscal stimulus and cheap valuations, is creating a supportive floor for equity markets.

A country consists of millions or tens of millions of individuals, each having different goals and different valuations.

So demography drives investment fashion, and fashion determines valuations.

It is debatable whether valuations yet reflect the risks a recession would pose for the earnings of companies beyond banks and brokers.

If the global economy slips or currency valuations suddenly change, non-U. S. buyers with cash may suddenly become scarce.

"Valuations are becoming stretched again and insufficient risk is priced into the market. "

Despite that, chief executives argue that guidance can help reduce share price volatility and boost valuations.

Companies that provide consumer financing aren't seeing the same magnificent valuations as those that sell final goods.

And rising asset valuations and high regulatory hurdles on the mainland are expected to affect inbound M&A activity.

But asking investors to take valuations and hedging processes on trust is getting harder by the day.

Valuations for China deals, particularly at later stages, have skyrocketed, investors said.

The problem is that a lot of money is chasing a sector that has very few stocks of any size, so valuations are being pushed higher.

Some emerging stock valuations, especially of state-owned banks, may be inflated.

Continue to recommend excellent brand apparel stocks lower valuations and management.

Within three years of the initial valuations, between April 2002 to April 2004, 58 began using ecstasy.

There isn't anything TOO sexy here -- no terms or valuations, but the list includes company names, founders, and investment dates.

Southeast Asian stock markets have been on a tear, which has boosted valuations, meaning governments can get good prices for their assets.

The bad news is that the demographic maths imply that equity valuations will continue to fall until the middle of this decade.

Even optimists acknowledge that the current mainland valuations are partly the product of some technical quirks.

The question is important because of the measure that investors rely on to assess market valuations: the price-earnings ratio.

Deal flow, particularly at early stages, was active, and even though valuations were high, investor dollars were seemingly at the ready.

The flood of offerings is being driven by mainland companies' rush to benefit from valuations on the soaring stock market.

However, Maybank Research still has a "buy" on JTI saying that its valuations were still attractive.

'Those are attractive valuations, ' Mr. Silverblatt says. 'They're trading on much stronger fundamentals than the usual IT hype. '

This has pushed up valuations of listed exchanges, making executives cautious about securing strategic deals while they are growing so fast.

So too will be the accuracy of the valuations such stakes command on investment firms' balance-sheets.

With earnings on the rise and valuations below long-term averages, the bulls reckon the rally shows little sign of stopping.

The stock market entered that recession at historically excessive valuations, and needed longer to reach a low.

Indeed the rapid influx of capital has led to increasing competition for deals and rising valuations in some sectors.

The mix of positive cyclical factors but negative valuations leaves us on balance holding a neutral position in bonds.

Gone are the days when valuations were done mostly for properties and goodwill only.

But Mr Wang said there was an artificial element to valuations in China.

Which for founders will result in the perfect combination: funding rounds that close fast, with high valuations.

Portfolio investors have now channelled some $600m into Indian equities this year, stretching valuations even further.

Also a booming domestic A-share market is raising valuations and offering private owners an attractive alternative source of funding.

Valuations are reasonable and on the lower end of the 10-year historical range.

With the stock at such lofty valuations, any threat to Baidu's rapid growth has to be taken seriously.

This can sometimes create a sizeable difference between "mark-to-model" valuations and true market prices.

The analysts look, on a global basis, for good quality companies on attractive valuations.

Virtually all the banks that fail show losses that are far greater than the balance sheet valuations.

Step-ups in valuations between rounds, for instance, mean that on paper, early-stage investors are showing gains.

But monthly valuations are questionable when there is no market for the assets.

Unlisted companies often sell stakes to private-equity funds at discounts to expected IPO valuations.

On almost any measure, housing valuations and household indebtedness are still more extreme.

Relative valuations increasingly favor Treasuries over high yield debt.

Steinmetz said stocks' reasonable valuations make him optimistic.

According to Warren Buffett, this ratio is "probably the best single measure of where valuations stand at any given moment" .

Smaller precious metal miners are also well placed, Liddle said, pointing to their low valuations relative to large-cap peers.

More than 200 examiners have spent weeks poring over the banks' portfolios and asset valuations.

The second chapter tells the theories and the valuations of the State Criminal Victim Compensation System.

'Valuations are not expensive, growth in Asia is still solid, [and] investors are not yet fully invested, ' Mr. Do said.

Stock-market valuations, while not cheap, aren't so rich that investors see better opportunity in other assets.

These 'Valuations' stories are popular with readers, and often hotly debated in the comments section.

Anil got the weightless businesses (telecommunications and financial services) with their rich share valuations.

Valuations are not expensive, and 12 month forward PE ratios are on the lower end of the 10-year historical range.

It also helps AIG that so many other financial companies are wrestling with the valuations of their own subprime exposures.

Valuations looked stretched, but as long as earnings keep going up, they will start to look more normal as time goes by.

The best time to sell is when the earnings expectations have peaked, the business model has peaked, or the valuations appear ridiculous.

'The valuations are no longer cheap for places like Indonesia and India.

It remains unfazed by a sharp rise in valuations in many Asian property markets.

Instead, valuations should be based on sensible estimates of what investors would really pay.

And if so they'll be different to deal with than VCs . They 'll be tougher on valuations , but more accomodating if you want to sell early.

High valuations can quickly melt away if the investor base is too shallow: Thai Beverages is below its 2006 initial public offering price.

Most saw their shares rise last week as the deal bumped up port valuations worldwide.

Fundamentals are improving and valuations are not unattractive.

But they're also pushing the already frothy valuations of some companies even higher and rattling the clubby venture-capital scene.

But the limited price signals available also suggest low confidence in their valuations.

Business earnings, a critical factor in equity valuations, have recovered.

"A lot of clients think the valuations are the most attractive they have seen in a couple of years. "

This would allow banks to maintain inflated valuations for the assets they retain.

Recently, shares in Facebook have been trading on secondary markets at valuations around $80 billion, according to TechCrunch.

There are several reasons for optimism that in the long run we will see higher, not lower, market valuations.

But for the new alternative-energy deals coming to the market, valuations are key.

As one might expect, the exposure of European banks to poor quality credit is reflected in valuations.

So are valuations low enough in the emerging markets to offer good investment opportunities?

Although these are a little more expensive, the valuations are justified by the higher growth prospects.

With valuations this heady, China's rankings look less stable than the Great Wall.

Now they no longer need to, there is no reason for those shares to trade at silly valuations.

Valuations are returning to earth as the economy slows and private-equity buyers retreat, says Chini.

Relying on prospective valuations is exactly what stockmarket investors were forced to do in the late 1990s.

Still, the $800m difference between the lowest and highest valuations for Skype would be only 62 cents on Ebay's $14. 50 share price.

On the one hand, valuations of hot web companies are irrationally high; on the other big tech valuations are inexplicably low.

Interest rates would have to rise in order to stem inflationary pressures, adding to the burden, and lowering asset valuations.

Relative valuations alone suggest US assets will continue to outperform.

Bulls justify such lofty valuations by plugging high growth numbers into their models.

Some transactions are fraudulent, and there is not much regulation of valuations.