Discuss what pattern you would expect over time for market-value-tocapital and market-value-to-earnings multiples in an industry where

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Discuss what pattern you would expect over time for market-value-tocapital and market-value-to-earnings multiples in an industry where earnings show little long-term growth but high cyclicality.
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Valuation Measuring and managing the values of companies

ISBN: ?978-0470424704

5th edition

Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel

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