CFA Level 2 | Market-Based Valuation Price and Multiples with free notes (Vol 5 Valuation LM4)

Описание: If you are taking CFA Level 2 exam then this refresher podcast is for you. FREE NOTES below (see Google Drive links).

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Important:
1. This podcast is NOT a replacement of curriculum studies.
2. This conversation is based on my notes and understanding.

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Overview:
This podcast is all about various methods for stock valuation using price multiples. Speakers explains the price-to-earnings ratio (P/E) in depth, interpretations, and adjustments for comparability. Other multiples discussed include price-to-book (P/B), price-to-sales (P/S), price-to-cash flow, and enterprise value-to-EBITDA (EV/EBITDA), along with their applications and limitations. They also examine the use of dividend yield and relative-strength indicators in valuation, emphasizing the importance of considering underlying fundamentals when comparing multiples across companies and markets, particularly in international contexts.

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Tip:
CFA L2 curriculum is gigantic and only way to success is (1) reading and understanding the concepts, (2) regular revisions, and (3) tons of Q&A practice. (4) There are NO shortcuts.

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Resources (PDFs):
1. Debriefing summary:
https://drive.google.com/file/d/1OQZv...

2. Knowledge check review:
https://drive.google.com/file/d/1sbQi...