If Valuation Were an Olympic Sport
There are clear signs that the â€śeasyâ€ť portfolio valuations that have existed in 2013 and 2014 may be coming to an end in 2015.Â Travis W. Harms who leads Mercer Capitalâ€™s Financial Reporting Valuation Group, discusses the expansion in multiples and their role in the favorable equity market returns over the past two years.Â He also discusses the impact of high-yield credit spreads, the energy sector, and loan covenants on credit valuations.
This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To subscribe to the blog, visit http://mercercapital.com/category/financialreportingblog/.
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