TY - BOOK AU - Leibowitz, Martin L. TI - Franchise Value : : A Modern Approach to Security Analysis / SN - 9780471647881 U1 - 332.63221 PY - 2004/// CY - Hoboken, N.J. : PB - John Wiley & Sons, KW - BUSINESS & ECONOMICS KW - Investments & Securities Stocks KW - Corporations Valuation N1 - Includes bibliographical references and indexes; CHAPTER 1 An Introduction to the Franchise Value Approach; CHAPTER 2 Sales-Driven Franchise Value;; CHAPTER 3 Franchise Margins and the Sales-Driven Franchise Value;; CHAPTER 4 Franchise Value and the Price/Earnings Ratio;; CHAPTER 5 Franchise Valuation under Q-Type Competition;; CHAPTER 6 P/E Forwards and Their Orbits;; CHAPTER 7 Franchise Labor;; CHAPTER 8 Spread-Driven Dividend Discount Models;; CHAPTER 9 The Levered P/E Ratio;; CHAPTER 10 The Franchise Value Approach to the Leveraged Company N2 - A modern approach to equity valuation Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es ER -