To adjust or not to adjust? That’s the key question for companies when presenting their accounts. There’s been an increasing tendency for companies to focus on adjusted ‘non-GAAP’ (Generally Accepted Accounting Principles basis) numbers instead of the more regulated GAAP numbers. My colleague Simon Bailey highlighted this in his blog… Read the article
The first valuation method most investors learn is the humble Price/Earnings (P/E), as in theory it’s both easy to calculate and easy to compare across companies. Unfortunately in my experience, this is a long way from the truth due to the lack of consistency in the earnings number used.
The… Read the article