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Can some one explain the phenomenon of Valuation Multiples or Relative Valuation Measures while measuring a value.

Hello to everybody, please explain the Value Equity share known as Valuation Multiples or Relative Valuation Measures?
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"Valuation Multiples or Relative Valuation Measures - Price/ Earnings Multiple - Price/ Book value Multiple - Price/ Cash flow Multiple - Price/ Sales Multiple Source: http://in.docsity.com/en-docs/Economic_Analysis_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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