Panmure Gordon stated that, in their belief, AO World shares are trading on too high a price relative
to sales figures, and that the company "does not warrant the premium it trades on".
The Haugen EM Model uses 70 factors to analyze stock performance including measures of risk, liquidity, profitability, return history, analysts' estimates, stock price relative
to income and cash flow ratios and macro-economic and sector influences.
When people talk about a bubble, or stocks being overvalued, they are talking about paying a high stock price relative
to the earnings of a company.
While benchmark Oman futures have declined 5 per cent since the start of the year to end at $102.93 a barrel, the price relative
to global marker Brent has been rising.
The stock is trading at its lowest price relative
to expected earnings for 1-1/2 years and at a 10 per cent discount to the sector, the steepest since 2009, Datastream data showed.
([P.sub.it]/[P.sub.it-[tau]]) is one plus buy-and-hold return inclusive of dividends over years t-[tau] to t.
Light-sweet crude oil usually commands a premium price relative
to heavy-sour grades.
Tyson switching from feed wheat to corn: Tyson Foods has stopped using feed wheat in its rations due to its higher price relative
Also, the deal received an order book of USD 1.5 billion, despite achieving a tight price relative
to Dubai government bonds, KFHR said.
Sustained high oil prices have supported ExxonMobil's share price relative
to other sectors.
Mr Cheng Hai Rong, Executive Chairman of Prosperity Investment said, "With a significant discount on current stock price relative
to the net asset value of the Company, we have therefore decided to repurchase the Company shares.
But he was distressed to find the condos were in the same price range as Chicago or New York and then perplexed by the price relative
to supply when he realized there were more than a few units available for sale.