Research from Value Investing, Value Investing

Value Investing

I am a value investor. "Value", as defined in Value Investing, is simply the act of buying something for less than its worth.  I treat my equity investment as a loan to the business - where the priority is to get back my principal in full, rather than achieving maximum yield. I consider my equity investment as a slightly higher risk loan extended to the business with slightly more accommodative loan covenants - hence justifying a slightly higher yield. While I identify as a value investor and cover all stocks and macro topics indiscriminately, most of my research will have an ASEAN bent as that’s where I’m geographically located.

Research from Value Investing

I am a value investor. "Value", as defined in Value Investing, is simply the act of buying something for less than its worth. I treat my equity investment as a loan to the business - where the priority is to get back my principal in full, rather than achieving maximum yield. I consider my equity investment as a slightly higher risk loan extended to the business with slightly more accommodative loan covenants - hence justifying a slightly higher yield. While I identify as a value investor and cover all stocks and macro topics indiscriminately, most of my research will have an ASEAN bent as that’s where I’m geographically located.

Thematic (Sector/Industry)

United states Financials / Thematic (Sector/Industry)

<ul><li>When most people think about the P/B ratio’s role in business valuation, they tend to interpret it through the lens of a direct relationship between a company’s share price and book value.</li><li>This means that they will try and find out if a company’s historical share price is correlated to its book value - in order to determine if the P/B ratio is a useful approach towards performing stock valuation on that stock.</li><li>There are many reasons why this can actually be a useful exercise.</li></ul>

When most people think about the P/B ratio’s role in business valuation, they tend to interpret it through the lens of a direct relationship between a company’s share price and book value.This means that they will try and find out if a company’s historical share price is correlated to its book value - in order to determine if the P/B ratio is a useful approach towards performing stock valuation on that stock.There are many reasons why this can actually be a useful exercise.

Is the P/B Ratio Still Relevant in the Modern Day?