PE Ratio Regression
Model Summary

Dependent variable: PE Ratio

Independent variables: See below

Number of observations: 1565

 

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.406

.165

.164

862.78368

 

The Model

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

9.880

1.083

9.125

.000

Expected Growth in EPS: next 5 years

.859

.052

16.360

.000

Payout Ratio

.02565

.014

1.785

.074

Regression Beta

1.817

.553

3.285

.001

a  Dependent Variable: Current PE

b  Weighted Least Squares Regression - Weighted by Market Cap


Relative PE Ratio Regression
Model Summary

Dependent variable: Relative PE Ratio

Independent variables: See below

Number of observations: 1565

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.406

.165

.164

40.9096

The Model

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

.468

.051

9.125

.000

Relative Growth

.696

.043

16.360

.000

Relative Payout

.01903

.011

1.785

.074

Regression Beta

.08618

.026

3.285

.001

a  Dependent Variable: RELPE

b  Weighted Least Squares Regression - Weighted by Market Cap


PEG Ratio Regression
Model Summary

Dependent variable: PEG Ratio

Independent variables: See below

Number of observations: 1577

 

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.502

.252

.251

88.895707

 

With intercept

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

11.218

.447

25.072

.000

Payout Ratio

.001606

.001

1.089

.277

Regression Beta

.348

.055

6.270

.000

Ln (Growth)

-1.348

.062

-21.779

.000

 

Without intercept

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

Payout Ratio

.01640

.002

10.254

.000

Regression Beta

.474

.065

7.258

.000

Ln (Growth)

.178

.013

13.298

.000

 

a  Dependent Variable: PEG Ratio

b  Linear Regression through the Origin

c  Weighted Least Squares Regression - Weighted by Market Cap


EV/EBITDA Ratio Regression
Model Summary

Dependent variable: Enterprise Value/ EBITDA

Independent variables: See below

Number of observations: 2122

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.346

.120

.119

386.233516

 

Model output

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

7.795

.514

15.162

.000

Effective Tax Rate

-.08270

.011

-7.813

.000

ROC

.02316

.008

2.777

.006

Expected Growth in EPS: next 5 years

.265

.019

14.141

.000

 

a  Dependent Variable: EV/EBITDA

b  Weighted Least Squares Regression - Weighted by Market Cap


PBV Ratio Regression

Dependent variable: Price to Book (Market Value of equity/ Book value of equity)

Independent variables: See below

Number of observations: 2122

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.776

.602

.601

142.228264

 

With intercept

 

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std Error

t

Sig.

(Constant)

-1.531

.204

-7.518

.000

Expected Growth in EPS: next 5 years

.125

.008

15.137

.000

Payout Ratio

.006129

.002

2.640

.008

Regression Beta

.357

.090

3.965

.000

ROE

.189

.004

46.662

.000

 

Without intercept

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Erro

t

Sig.

Expected Growth in EPS: next 5 years

.08834

.007

13.021

.000

Payout Ratio

-.004511

.002

-2.409

.016

Regression Beta

-.005398

.073

-.741

.459

ROE

.172

.003

49.917

.000

a  Dependent Variable: PBV Ratio

b  Linear Regression through the Origin

c  Weighted Least Squares Regression - Weighted by Market Cap


Value to Book Capital Ratio Regression

Dependent variable: Value to Book (Enterprise value/ Invested Capital)

Independent variables: See below

Number of observations: 1585

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.673

.452

.450

170.030766

With intercept

 

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

-1.420

.239

-5.941

.000

ROC

.133

.006

24.087

.000

Expected Growth in EPS: next 5 years

.129

.013

9.766

.000

Standard Deviation

-.006530

.005

-1.401

.161

Reinvestment Rate

.02708

.003

8.661

.000

Without intercept

 

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

(Constant)

-1.420

.239

-5.941

.000

ROC

.133

.006

24.087

.000

Expected Growth in EPS: next 5 years

.129

.013

9.766

.000

Standard Deviation

-.006530

.005

-1.401

.161

Reinvestment Rate

.02708

.003

8.661

.000

a  Dependent Variable: Value/BV of Capital

b  Weighted Least Squares Regression - Weighted by Market Cap

 


Price to Sales Ratio Regression

Dependent variable: Price to Sales Ratio

Independent variables: See below

Number of observations: 1408

Model Summary

 

 

R

R Square

Adjusted R Square

Std. Error of the Estimate

.839

.704

.703

116.104054

With intercept

 

 

 

 

 

 

Independent variable

Coefficient

Std. Error

T statistic

Significant at

(Constant)

-2.124

.156

-13.596

.000

Expected Growth in EPS: next 5 years

.114

.007

16.658

.000

Payout Ratio

.00114

.002

2.455

.014

Regression Beta

.702

.076

9.281

.000

Net Margin

.239

.005

51.937

.000

Without intercept

Independent variable

Unstandardized Coefficients

Std. Error

t

Sig.

Expected Growth in EPS: next 5 years

.05565

.006

9.810

.000

Payout Ratio

-.01533

.002

-9.992

.000

Regression Beta

.167

.069

2.430

.015

Net Margin

.218

.005

47.275

.000

a  Dependent Variable: PS

b  Linear Regression through the Origin

c  Weighted Least Squares Regression - Weighted by Market Cap

 


EV to Sales Ratio Regression

Dependent variable: Enterprise value to Sales Ratio

Independent variables: See below

Number of observations: 1447

Model Summary

 

 

Model

R

R Square

Adjusted R Square

Std. Error of the Estimate

1

.720

.518

.516

130.407896

With intercept

 

 

 

 

 

 

                       Independent variable       

Coefficient

Std. Error

T statistic

Significant at

(Constant)

-.997

.185

-5.385

.000

Expected Growth in EPS: next 5 years

.122

.010

11.966

.000

Pre-tax Operating Margin

.102

.004

23.854

.000

Standard Deviation

.002949

.004

.809

.419

Reinvestment Rate

-.007176

.003

-2.791

.005

Without intercept

 

 

 

 

 

Independent variable

Unstandardized Coefficients

Std Error

t

Sig.

Expected Growth in EPS: next 5 years

.103

.010

10.561

.000

Pre-tax Operating Margin

.08998

.004

24.296

.000

Standard Deviation

-.004928

.003

-1.450

.147

Reinvestment Rate

-.01221

.002

-5.003

.000

a  Dependent Variable: EV/Sales

b  Linear Regression through the Origin

c  Weighted Least Squares Regression - Weighted by Market Cap