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.
ROC .114 .005 24.983 .000
Expected Growth in EPS: next 5 years .105 .013 8.207 .000
Standard Deviation -1.909E-02 .004 -4.515 .000
Reinvestment Rate 2.081E-02 .003 6.941 .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