PE Regression

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.375^a	.141	.139	3.77189
a. Predictors: (Constant), Expected Earnings Growth, Payout Ratio, Beta

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	5.630	3.625		1.553	.121
	Beta	11.354	2.205	.115	5.149	.000
	Payout Ratio	2.707	.485	.122	5.584	.000
	Expected Earnings Growth	92.723	6.676	.310	13.890	.000
a. Dependent Variable: PE
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

PBV Regression

With intercept

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.540^a	.291	.290	4.09162
a. Predictors: (Constant), ROE, Beta, Payout Ratio, Expected Earnings Growth

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	-3.081	.449		-6.866	.000
	Beta	2.608	.239	.221	10.894	.000
	Payout Ratio	.219	.053	.083	4.153	.000
	Expected Earnings Growth	10.869	.724	.304	15.005	.000
	ROE	17.801	1.070	.332	16.641	.000
a. Dependent Variable: PBV
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

Without intercept

Model Summary
Model	R	R Square^b	Adjusted R Square	Std. Error of the Estimate
1	.849^a	.721	.721	4.1439330
a. Predictors: ROE, Payout Ratio, Expected Earnings Growth, Beta
b. For regression through the origin (the no-intercept model), R Square measures the proportion of the variability in the dependent variable about the origin explained by regression. This CANNOT be compared to R Square for models which include an intercept.

Coefficients^a,b,c
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	Beta	1.362	.158	.245	8.614	.000
	Payout Ratio	.205	.053	.049	3.831	.000
	Expected Earnings Growth	10.017	.723	.292	13.859	.000
	ROE	14.271	.950	.367	15.022	.000
a. Dependent Variable: PBV
b. Linear Regression through the Origin
c. Weighted Least Squares Regression - Weighted by Market Cap (in $)

PS Regression

With intercept

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.536^a	.288	.286	4.0318556
a. Predictors: (Constant), Net Margin, Beta, Payout Ratio, Expected Earnings Growth

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	-1.765	.421		-4.197	.000
	Beta	1.828	.236	.158	7.753	.000
	Payout Ratio	.077	.052	.030	1.482	.139
	Expected Earnings Growth	8.688	.715	.248	12.145	.000
	Net Margin	17.275	.766	.452	22.564	.000
a. Dependent Variable: PS
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

No intercept

Model Summary
Model	R	R Square^b	Adjusted R Square	Std. Error of the Estimate
1	.833^a	.693	.692	4.0504865
a. Predictors: Net Margin, Payout Ratio, Expected Earnings Growth, Beta
b. For regression through the origin (the no-intercept model), R Square measures the proportion of the variability in the dependent variable about the origin explained by regression. This CANNOT be compared to R Square for models which include an intercept.

Coefficients^a,b,c
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	Beta	1.030	.140	.199	7.345	.000
	Payout Ratio	.071	.052	.018	1.370	.171
	Expected Earnings Growth	8.037	.702	.252	11.456	.000
	Net Margin	16.028	.709	.465	22.611	.000
a. Dependent Variable: PS
b. Linear Regression through the Origin
c. Weighted Least Squares Regression - Weighted by Market Cap (in $)

EV/EBITDA Regression

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.358^a	.128	.127	3.6836269
a. Predictors: (Constant), Market Debt to Capital, Tax Rate, Expected Earnings Growth

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	41.850	2.639		15.857	.000
	Expected Earnings Growth	52.719	5.480	.193	9.620	.000
	Tax Rate	-46.649	8.582	-.108	-5.436	.000
	Market Debt to Capital	-63.794	5.113	-.251	-1.248E1	.000
a. Dependent Variable: EV/EBITDA
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

EV/EBIT Regression

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.340^a	.116	.115	4.1268426
a. Predictors: (Constant), Market Debt to Capital, Tax Rate, Expected Earnings Growth

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	47.926	2.967		16.155	.000
	Expected Earnings Growth	65.922	6.173	.217	10.680	.000
	Tax Rate	-48.565	9.661	-.101	-5.027	.000
	Market Debt to Capital	-59.202	5.738	-.210	-1.032E1	.000
a. Dependent Variable: EV/EBIT
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

EV/Capital Regression

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.577^a	.333	.332	3.7949791
a. Predictors: (Constant), ROIC, Expected Earnings Growth, Market Debt to Capital

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	5.262	.215		24.471	.000
	Expected Earnings Growth	5.973	.554	.189	10.778	.000
	Market Debt to Capital	-13.269	.542	-.442	-2.450E1	.000
	ROIC	6.189	.632	.176	9.785	.000
a. Dependent Variable: Firm Value/BV
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)

EV/Sales Regression

Model Summary
Model	R	R Square	Adjusted R Square	Std. Error of the Estimate
1	.525^a	.276	.275	4.4046801
a. Predictors: (Constant), After-tax Margin, Expected Earnings Growth, Market Debt to Capital

Coefficients^a,b
Model		Unstandardized Coefficients		Standardized Coefficients	t	Sig.
		B	Std. Error	Beta
1	(Constant)	4.412	.269		16.374	.000
	Expected Earnings Growth	7.086	.634	.202	11.170	.000
	Market Debt to Capital	-10.580	.609	-.315	-1.737E1	.000
	After-tax Margin	16.103	.878	.330	18.348	.000
a. Dependent Variable: EV/Sales
b. Weighted Least Squares Regression - Weighted by Market Cap (in $)