Investments, tenth edition

 18.2  Intrinsic Value versus Market Price  593

 18.3  Dividend Discount Models  595

The Constant-Growth DDM / Convergence of Price 

to Intrinsic Value / Stock Prices and Investment 

Opportunities / Life Cycles and Multistage Growth 

Models / Multistage Growth Models

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7/31/13   7:22 PM

7/31/13   7:22 PM

Final PDF to printer

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Contents

xiii

 18.4  Price–Earnings  Ratio 

609

The Price–Earnings Ratio and Growth Opportunities / 

P/E Ratios and Stock Risk / Pitfalls in P/E Analysis / 

Combining P/E Analysis and the DDM / Other 

Comparative Valuation Ratios

Price-to-Book Ratio / Price-to-Cash-Flow Ratio / 

Price-to-Sales Ratio