2000 to 2006, which comparables selection method generates the most precise forecasts when appraising with price …/earnings, price/book value, price/sales, enterprise value/EBIT and enterprise value/FCF multiples. Comparables firms are selected by … comparables firms on the basis of sector and ROA or sector and size is more accurate; moreover, valuation improves when multiples …

This paper investigates which comparables selection method generates the most precise forecasts when valuing European … assets. Moreover, we investigate whether comparables should be selected from the same country, from the same region, or from … all OECD members. For most European countries, choosing comparables from the 15 European Union member states yields the …