• Dr.N. Kanakaraj

This article investigates the multiples in valuing the tractor companies listed in Bombay Stock Exchange in India from 2014 to 2019. The tractor sector typically employs homogenous business models. Valuation of company stock is a significant aspect of investment decision making. Investment analysts usually value stocks of companies for investors who want to buy or sell stocks. It is discovered that commonly adopted methodologies in valuation multiples are associated with pitfalls which may hamper the reliability of the valuations. Hence, relative valuation is occupied based on the assumption that the value of an asset equals its market value. To do relative valuation, the prices of similar or comparable assets are taken as variables to estimate the value of an asset and to control possible differences. Our findings also showed the under- and overvaluation of stocks in the market.

Relative Valuation, Entity Multiples and Equity Multiples.

"RELATIVE VALUATION MULTIPLES: VALUING THE LISTED TRACTOR COMPANIES IN BOMBAY STOCK EXCHANGE ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.391-399, June 2019, Available :http://www.jetir.org/papers/JETIR1906R95.pdf

"RELATIVE VALUATION MULTIPLES: VALUING THE LISTED TRACTOR COMPANIES IN BOMBAY STOCK EXCHANGE ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp391-399, June 2019, Available at : http://www.jetir.org/papers/JETIR1906R95.pdf