03509ntm a22005657i 4500 000723359 CZ-PrVSE 20250608110309.0 m d cr n|||||||||| 250608s2025 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Dostál, Daniel ISIS:146421 dis Vliv regionů na výši tržních multiplikátorů veřejně obchodovaných společností eng Regional Influence on Market Multiples of Publicly Traded Companies / Daniel Dostál 2025 ?? stran : digital, PDF soubor Vedoucí práce: Pavel Svačina Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2025 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2025 This thesis explores regional differences in valuation multiples in relation to profitability and risk metrics. It focuses primarily on the impact of Return on Equity (ROE) and Return on Invested Capital (ROIC) as key profitability indicators, along with the Equity Risk Premium as a risk factor, on valuation multiples such as EV/EBITDA and P/E. Using statistical analysis and data visualization based on a large dataset of companies from Europe, the United States and Canada between 2015-2024, the thesis investigates trends and relationships among these indicators. The underlying assumption is that valuation inefficiencies might exist across stock markets, resulting in regional or country-level deviations in valuation levels. The results confirm the presence of valuation premiums especially in the United States, while valuation discounts are more evident in Canada and Central and Eastern Europe. While some regions, such as Northern Europe, Southern Europe or the United Kingdom exhibit a linear relationship between valuation multiples and underlying fundamentals, others, such as Canada and Central and Eastern Europe, do not. This is also the case of the United States that stands out with high valuations despite relatively weaker fundamentals. This may reflect factors such as investor trust, market liquidity, a strong institutional framework, and the U.S. dollar´s role as a safe-haven currency. Způsob přístupu: Internet finance a oceňování podniku [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Market Valuation Valuation Multiples EV/EBITDA P/E ROE ROIC ERP CRP Cross-regional comparison Svačina, Pavel, 1979- mzk2006368362 ths Čihák, Petr opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/88936/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/88936 Hlavní práce https://insis.vse.cz/zp/88936/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/88936/posudek/oponent/86481 Oponentura https://insis.vse.cz/zp/88936/podrobnosti dc:identifier NEPOSILAT VSKP vse88936 250605 88936