02-02-2017, 09:42 AM
(01-27-2017, 03:25 PM)EricL Wrote: Valuation is more art than science and there is no such thing as an exact "fair value" number for any stock. It's a target or range, depending on whatever you plug into the equation.
That's what I was referring to. Fair value can mean many things. Some people do a DCF model, others rely on book value, p/e trend, 52-week range, comps vs peers, etc.