Download Independent variable

PE Ratio Regression
Model Summary
Dependent variable: PE Ratio
Independent variables: See below
Number of observations: 1565
R R Square Adjusted R Square Std. Error of the Estimate
.406
.165
.164
862.78368
The Model
Independent variable
Unstandardized Coefficients Std. Error
t
Sig.
(Constant)
9.880
1.083
9.125 .000
Expected Growth in EPS: next 5 years
.859
.052
16.360 .000
Payout Ratio
.02565
.014
1.785 .074
Regression Beta
1.817
.553
3.285 .001
a Dependent Variable: Current PE
b Weighted Least Squares Regression - Weighted by Market Cap
Relative PE Ratio Regression
Model Summary
Dependent variable: Relative PE Ratio
Independent variables: See below
Number of observations: 1565
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.406
.165
.164
40.9096
The Model
Independent
Unstandardized Coefficients Std. Error
t
Sig.
variable
(Constant)
.468
.051
9.125 .000
Relative Growth
.696
.043
16.360 .000
Relative Payout
.01903
.011
1.785 .074
Regression Beta
.08618
.026
3.285 .001
a Dependent Variable: RELPE
b Weighted Least Squares Regression - Weighted by Market Cap
PEG Ratio Regression
Model Summary
Dependent variable: PEG Ratio
Independent variables: See below
Number of observations: 1577
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.502
.252
.251
88.895707
With intercept
Independent variable Unstandardized Coefficients Std. Error
t
(Constant)
11.218
.447
25.072
Payout Ratio
.001606
.001
1.089
Regression Beta
.348
.055
6.270
Ln (Growth)
-1.348
.062
-21.779
Without intercept
Independent variable Unstandardized Coefficients Std. Error
t
Payout Ratio
.01640
.002 10.254
Regression Beta
.474
.065 7.258
Ln (Growth)
.178
.013 13.298
a Dependent Variable: PEG Ratio
b Linear Regression through the Origin
c Weighted Least Squares Regression - Weighted by Market Cap
Sig.
.000
.277
.000
.000
Sig.
.000
.000
.000
EV/EBITDA Ratio Regression
Model Summary
Dependent variable: Enterprise Value/ EBITDA
Independent variables: See below
Number of observations: 2122
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.346
.120
.119
386.233516
Independent variable
(Constant)
Effective Tax Rate
ROC
Expected Growth in EPS: next 5 years
Model output
Unstandardized Coefficients Std. Error
t
Sig.
7.795
.514
15.162 .000
-.08270
.011
-7.813 .000
.02316
.008
2.777 .006
.265
.019
14.141 .000
a Dependent Variable: EV/EBITDA
b Weighted Least Squares Regression - Weighted by Market Cap
PBV Ratio Regression
Dependent variable: Price to Book (Market Value of equity/ Book value of equity)
Independent variables: See below
Number of observations: 2122
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.776
.602
.601
142.228264
Independent variable
(Constant)
Expected Growth in EPS: next 5 years
Payout Ratio
Regression Beta
ROE
With intercept
Unstandardized Coefficients
-1.531
.125
.006129
.357
.189
Std Error
t Sig.
.204 -7.518 .000
.008 15.137 .000
.002 2.640 .008
.090 3.965 .000
.004 46.662 .000
Without intercept
Unstandardized Coefficients
.08834
-.004511
-.005398
.172
Std. Erro
t Sig.
.007 13.021 .000
.002 -2.409 .016
.073
-.741 .459
.003 49.917 .000
Independent variable
Expected Growth in EPS: next 5 years
Payout Ratio
Regression Beta
ROE
a Dependent Variable: PBV Ratio
b Linear Regression through the Origin
c Weighted Least Squares Regression - Weighted by Market Cap
Value to Book Capital Ratio Regression
Dependent variable: Value to Book (Enterprise value/ Invested Capital)
Independent variables: See below
Number of observations: 1585
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.673
.452
.450
170.030766
With intercept
Independent variable
Unstandardized Coefficients Std. Error
t
Sig.
(Constant)
-1.420
.239
-5.941 .000
ROC
.133
.006
24.087 .000
Expected Growth in EPS: next
.129
.013
9.766 .000
5 years
Standard Deviation
-.006530
.005
-1.401 .161
Reinvestment Rate
.02708
.003
8.661 .000
Without intercept
Independent variable
Unstandardized Coefficients Std. Error
t
Sig.
(Constant)
-1.420
.239
-5.941 .000
ROC
.133
.006
24.087 .000
Expected Growth in EPS: next
.129
.013
9.766 .000
5 years
Standard Deviation
-.006530
.005
-1.401 .161
Reinvestment Rate
.02708
.003
8.661 .000
a Dependent Variable: Value/BV of Capital
b Weighted Least Squares Regression - Weighted by Market Cap
Price to Sales Ratio Regression
Dependent variable: Price to Sales Ratio
Independent variables: See below
Number of observations: 1408
Model Summary
R R Square Adjusted R Square Std. Error of the Estimate
.839
.704
.703
116.104054
With intercept
Independent variable
Coefficient Std. Error T statistic Significant at
(Constant)
-2.124
.156
-13.596
.000
Expected Growth in EPS: next 5 years
.114
.007
16.658
.000
Payout Ratio
.00114
.002
2.455
.014
Regression Beta
.702
.076
9.281
.000
Net Margin
.239
.005
51.937
.000
Without intercept
Independent variable
Unstandardized Coefficients Std. Error
t
Expected Growth in EPS: next 5 years
.05565
.006
9.810
Payout Ratio
-.01533
.002
-9.992
Regression Beta
.167
.069
2.430
Net Margin
.218
.005
47.275
a Dependent Variable: PS
b Linear Regression through the Origin
c Weighted Least Squares Regression - Weighted by Market Cap
Sig.
.000
.000
.015
.000
EV to Sales Ratio Regression
Dependent variable: Enterprise value to Sales Ratio
Independent variables: See below
Number of observations: 1447
Model Summary
Model R R Square Adjusted R Square Std. Error of the Estimate
1 .720
.518
.516
130.407896
With intercept
Independent variable
Coefficient Std. Error T statistic Significant at
(Constant)
-.997
.185
-5.385
.000
Expected Growth in EPS: next 5 years
.122
.010
11.966
.000
Pre-tax Operating Margin
.102
.004
23.854
.000
Standard Deviation
.002949
.004
.809
.419
Reinvestment Rate
-.007176
.003
-2.791
.005
Without intercept
Independent variable
Unstandardized Coefficients Std Error
t
Sig.
Expected Growth in EPS: next 5 years
.103
.010
10.561 .000
Pre-tax Operating Margin
.08998
.004
24.296 .000
Standard Deviation
-.004928
.003
-1.450 .147
Reinvestment Rate
-.01221
.002
-5.003 .000
a Dependent Variable: EV/Sales
b Linear Regression through the Origin
c Weighted Least Squares Regression - Weighted by Market Cap