Metoda mnożnikowa – opiera się na porównaniu mnożników firm z branży, w której działa wyceniana spółka (np.
EV/EBITDA, P/E, P/BV). Metoda ta bardzo dobrze odzwierciedla bieżący stan rynku, wymaga mniejszej liczby założeń
oraz jest prostsza w zastosowaniu.
Do jej wad można zaliczyć dużą podatność wyceny na zmienność cen porównywanych spółek, subiektywny dobór
porównywalnych firm oraz uproszczenie obrazu spółki prowadzące do pominięcia bardzo istotnych parametrów (np.
przewaga konkurencyjna, tempo wzrostu, poziom rentowności, strukturę zadłużenia).
|
EV/EBITDA TTM |
P/E TTM |
P/B TTM |
| Mediana dla branży |
18.5
|
31.3
|
4.4
|
| CRISIL Limited |
37.3
|
55.4
|
15.3
|
| Mediana / CRISIL Limited |
0.5
|
0.6
|
0.3
|
Pozostałe spółki z branży Financial - Data & Stock Exchanges
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| Hong Kong Exchanges and Clearing Limited |
0388.HK |
66,786 |
37.1 |
37.2 |
10.1 |
HKSE |
| NICE Holdings Co., Ltd. |
034310.KS |
329 |
0.2 |
9.4 |
0.6 |
KSE |
| Coinbase Global, Inc. |
1QZ.DE |
86,520 |
48.4 |
58.0 |
8.1 |
Frankfurt Stock Exchange |
| East Money Information Co.,Ltd. |
300059.SZ |
47,176 |
29.4 |
34.7 |
4.3 |
Shenzhen |
| Bursa Malaysia Berhad |
1818.KL |
1,458 |
15.2 |
20.4 |
8.5 |
Kuala Lumpur |
| Morningstar Japan K.K. |
4765.T |
389 |
18.5 |
34.1 |
3.7 |
Tokyo |
| Shanghai DZH Limited |
601519.SS |
2,660 |
-182.9 |
-186.1 |
17.0 |
Shanghai |
| Japan Exchange Group, Inc. |
8697.T |
10,857 |
14.7 |
25.1 |
4.5 |
Tokyo |
| ASX Limited |
ASX.AX |
8,737 |
1.8 |
30.7 |
3.6 |
Australian Securities Exchange |
| B3 S.A. - Brasil, Bolsa, Balcão |
B3SA3.SA |
12,929 |
6.4 |
14.9 |
3.8 |
São Paulo |
| Aquis Exchange PLC |
AQX.L |
258 |
89.3 |
-77.7 |
7.4 |
London Stock Exchange |
| Cboe Global Markets, Inc. |
CBOE |
24,112 |
16.7 |
29.8 |
5.4 |
New York Stock Exchange Arca |
| BSE Limited |
BSE.NS |
13,201 |
63.9 |
87.5 |
20.9 |
National Stock Exchange of India |
| CARE Ratings Limited |
CARERATING.BO |
615 |
28.5 |
39.2 |
6.7 |
Bombay Stock Exchange |
| Bolsa Mexicana de Valores, S.A.B. de C.V. |
BOLSAA.MX |
1,262 |
9.3 |
12.4 |
2.7 |
Mexico |
| Deutsche Börse AG |
DB1.DE |
58,467 |
14.8 |
20.1 |
4.5 |
Frankfurt Stock Exchange |
| Dubai Financial Market P.J.S.C. |
DFM.AE |
3,527 |
27.4 |
31.3 |
1.5 |
Dubai |
| CRISIL Limited |
CRISIL.NS |
4,999 |
41.6 |
61.8 |
17.0 |
National Stock Exchange of India |
| CRISIL Limited |
CRISIL.BO |
5,007 |
41.6 |
61.8 |
17.0 |
Bombay Stock Exchange |
| CARE Ratings Limited |
CARERATING.NS |
614 |
28.5 |
39.2 |
6.7 |
National Stock Exchange of India |
| CME Group Inc. |
CME |
97,891 |
19.3 |
27.2 |
3.6 |
NASDAQ Global Select |
| Dun & Bradstreet Holdings, Inc. |
DNB |
4,053 |
0.9 |
-185.6 |
1.2 |
New York Stock Exchange |
| Euronext N.V. |
ENX.PA |
17,457 |
13.6 |
25.4 |
3.5 |
Paris |
| Hellenic Exchanges - Athens Stock Exchange S.A. |
EXAE.AT |
402 |
17.1 |
20.1 |
3.2 |
Athens |
| EUWAX Aktiengesellschaft |
EUX.F |
258 |
66.3 |
26.8 |
2.7 |
Frankfurt |
| FactSet Research Systems Inc. |
FDS |
16,574 |
23.1 |
31.2 |
7.7 |
New York Stock Exchange |
| Gielda Papierów Wartosciowych w Warszawie S.A. |
GPW.WA |
580 |
15.5 |
14.2 |
2.0 |
Warsaw Stock Exchange |
| HUB24 Limited |
HUB.AX |
4,511 |
58.5 |
120.8 |
13.4 |
Australian Securities Exchange |
| Intercontinental Exchange, Inc. |
IC2.DE |
107,311 |
15.6 |
39.2 |
3.9 |
Frankfurt Stock Exchange |
| ICRA Limited |
ICRA.NS |
757 |
26.7 |
38.4 |
6.2 |
National Stock Exchange of India |
| Intercontinental Exchange, Inc. |
ICE |
103,800 |
13.7 |
37.3 |
3.7 |
New York Stock Exchange |
| ICRA Limited |
ICRA.BO |
758 |
26.7 |
38.4 |
6.2 |
Bombay Stock Exchange |
| London Stock Exchange Group plc |
LSEG.L |
77,044 |
16.2 |
82.6 |
2.5 |
London Stock Exchange |
| MSCI Inc. |
MSCI |
44,560 |
22.5 |
39.1 |
-46.6 |
New York Stock Exchange |
| Multi Commodity Exchange of India Limited |
MCX.BO |
5,152 |
59.0 |
77.8 |
15.5 |
Bombay Stock Exchange |
| Moody's Corporation |
MCO |
87,735 |
28.5 |
41.8 |
23.8 |
New York Stock Exchange |
| Morningstar, Inc. |
MORN |
13,047 |
17.0 |
34.5 |
8.2 |
NASDAQ Global Select |
| Multi Commodity Exchange of India Limited |
MCX.NS |
5,162 |
59.0 |
77.8 |
15.5 |
National Stock Exchange of India |
| NZX Limited |
NZX.NZ |
293 |
6.4 |
19.1 |
3.8 |
NZSE |
| Nasdaq, Inc. |
NDAQ |
50,641 |
16.5 |
39.7 |
4.4 |
NASDAQ Global Select |
| Smartbroker Holding AG |
SB1.DE |
249 |
134.5 |
-33.7 |
4.4 |
Frankfurt Stock Exchange |
| Singapore Exchange Limited |
S68.SI |
12,093 |
21.9 |
23.4 |
7.6 |
Stock Exchange of Singapore |
| Smartbroker Holding AG |
SB1.BE |
250 |
134.5 |
-33.7 |
4.4 |
Berlin |
| S&P Global Inc. |
SPGI |
160,357 |
21.5 |
40.7 |
4.8 |
New York Stock Exchange |
| Value Line, Inc. |
VALU |
358 |
53.2 |
17.0 |
3.7 |
NASDAQ Capital Market |
| Fisco Ltd. |
3807.T |
50 |
-10.9 |
-13.9 |
11.9 |
Tokyo |
| TMX Group Limited |
X.TO |
11,501 |
7.3 |
34.8 |
3.3 |
Toronto Stock Exchange |