Building an analytical code for multiples

  • Author:
    Geoff Robinson
  • Level:
    Intermediate to Advanced
  • Study time:
    Always adding content
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Course overview
The note "Building an Analytical Code for Multiples" examines the use of valuation multiples as a heuristic in financial analysis, drawing parallels to attribution substitution from behavioral economics. It highlights how multiples, like the P/E ratio, provide a simple and quick method for valuation, yet often overlook the intricate details of a company's financial health and market position.

This work argues for an analytical approach that retains the simplicity of multiples but incorporates a more in-depth evaluation to accurately reflect a company's intrinsic value, navigating the limitations of this shorthand method in business analysis.

What's included?

  • Fundamental research written by Geoff Robinson
  • Analyst-curated insights
  • Embedded podcasts
  • Embedded videos
  • Downloadable models, where applicable

Who should read this?

This research note is tailored for financial analysts, investment professionals, and finance students keen on deepening their understanding of valuation techniques. Sophisticated investors and business owners interested in the practical application and limitations of valuation multiples will also find the insights valuable, offering them a chance to refine their investment strategies and business assessments.


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Geoff Robinson FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 8x #1 ranked analysts EMEA Institutional Investor Survey
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 8x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to