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How much is the listed enterprise worth? The price multipliers’ approach

Author

Listed:
  • Madalina Viorica ION (MANU)

    (Bucharest University of Economic Studies, Romania)

  • Ilie VASILE

    (Bucharest University of Economic Studies, Romania)

Abstract

The analysis of the most commonly used stock indices help us in determining the market value of the company, so investors looking for valuable listed enterprises analyse the market indices in order to make investment decisions. This study builds upon previous research on the value of largest Romanian companies from the oil and energy sector listed at the Bucharest Stock Exchange, focusing on the market value of the largest integrated oil and gas group in South-Eastern Europe. In this article, the market capitalisation is considered as proxy for the enterprise value and is analysed further, too.

Suggested Citation

  • Madalina Viorica ION (MANU) & Ilie VASILE, 2017. "How much is the listed enterprise worth? The price multipliers’ approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special), pages 77-82.
    • Handle: RePEc:agr:journl:v:xxiv:y:2017:i:special:p:77-82
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