Intrinsic Stock Value vs. Book Value
September 23, 2024 - Fundamental Valuation
Does an elaborate firm valuation model outperform the blunt instrument of a simple ratio? In their July 2024 paper entitled “Intrinsic Value: A Solution to the Declining Performance of Value Strategies”, Derek Bergen, Francesco Franzoni, Daniel Obrycki and Rafael Resendes model the intrinsic value of a stock, defined as book value of equity plus the… Keep Reading