Author(s)

Xuejiao Li

Corresponding Author

Xuejiao Li

Abstract

This paper checks the robustness of Value Investing, which is widely used by Warren Buffett, Benjamin Graham and David Dodd. Enterprise Value Multiples and Equity Value Multiples are applied to comparison. Media companies in U.S., China, Japan and France are analysed from Oct. 8th ,2019 to Dec. 31th ,2020. Empirical results show 1) value investing is alive in media stocks; 2) compared with other ratios, PEG can provide a more accurate evaluation of stocks.

Keywords

Value investing, Enterprise value multiples, Equity value multiples, Intrinsic value, Media industry