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What is the most robust way to value companies?
- Investment Management
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- 05.07.24
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The P/E ratio as a valuation measure is a blunt tool that takes no account of the debt a company holds and how risky the balance sheet is. As a result, it unfairly penalises unlevered businesses. Read on as Ninety One takes a look at other measures that provide a more accurate picture of a company's value. Capital at Risk