學(xué)習(xí)權(quán)益投資中知識(shí)點(diǎn)，其中就有一個(gè)知識(shí)點(diǎn)就是在問(wèn)What is Valuation?（價(jià)值的定義）那在CFA學(xué)習(xí)的過(guò)程中你需要掌握的知識(shí)有哪些呢？小編給你總結(jié)一下哦！

1） Intrinsic Value （內(nèi)在價(jià)值）

The value of the asset given a complete understanding of the assets investment characteristics

 Sources of perceived mispricing（感知的錯(cuò)誤定價(jià)的來(lái)源）


CFA學(xué)習(xí)

True mispricing V - P is the concern of active investment managers （積*投資者關(guān)心的問(wèn)題）

2） Going-concern Value （持續(xù)經(jīng)營(yíng)價(jià)值）

A value under a going concern assumption that the company will continue its business activities into the

foreseeable future.

Going-concern value is not appropriate for a company in financial distress （不適合SJB財(cái)務(wù)困境的公司）

3） Liquidation Value （清箕價(jià)值）

It is the value if the company were dissolved and its assets sold individually.

清算時(shí)間乏土，清兌價(jià)值越低；Going-concern Value > Liquidation Value

Orderly （有可liquidation value:指公司有是:溺間去清笠資產(chǎn)得到的清算價(jià)值


4） Fair Market Value （公允市場(chǎng)價(jià)值）

The price at which an asset would change hands between a willing buyer and a willing seller when they

are not under any compulsion

5） Investment Value （投資價(jià)值）

The concept of value to a specific buyer taking account of potential synergies （潛在協(xié)同）and based on

the investor’s requirements and expectations is called investment value

不知道你這個(gè)章節(jié)掌握了沒(méi)有呢？在2021年CFA考試中這一科目的占比是10%——15%哦，所以這一章節(jié)是比較重要的！