We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex
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![We adopt a standard equity valuation relation,the constant-growth dividend discountmodel (DDM),as the base for our P–E modelling.The advantage of the DDM is that itallows identification of the fundamental determinants of P–E and provides their ex](/uploads/image/z/8647280-8-0.jpg?t=We+adopt+a+standard+equity+valuation+relation%2Cthe+constant-growth+dividend+discountmodel+%28DDM%29%2Cas+the+base+for+our+P%E2%80%93E+modelling.The+advantage+of+the+DDM+is+that+itallows+identification+of+the+fundamental+determinants+of+P%E2%80%93E+and+provides+their+ex)
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