{"title":"基于信息技术和制药行业内在价值的投资分析,促进数字医疗保健的发展。","authors":"None Xinlu Zhang","doi":"10.61173/9wjk9v89","DOIUrl":null,"url":null,"abstract":"In the annals of financial literature, the 1930s bore witness to a foundational shift with the publication of “Security Analysis” by Benjamin Graham and David Dodd, scholars at Columbia Business School. As articulated therein, value investing advocates for an analytical focus on equities priced beneath their calculated intrinsic or book values. Fundamentally, discerning investors target equities that, upon rigorous analysis, appear to be undervalued by prevailing market standards. Equities, in an economic construct, signify an entity’s ownership and proffer a claim on a specified tranche of its fiscal assets and revenues. To ascertain an equity’s intrinsic worth, investors meticulously examine a company’s foundational metrics, encompassing earnings, dividends, projected cash inflows, and overall fiscal robustness. The tenets of value investing transcend industry boundaries and are universally applicable. Whether in technology, healthcare, consumer goods, or industrial sectors, the principles remain valid, provided investors possess the insight to identify and leverage market inefficiencies. This paper aims to scrutinize prominent entities within the information technology and pharmaceutical arenas, interpreting their financial dynamics through the value investing paradigm.","PeriodicalId":47461,"journal":{"name":"International Journal of Finance & Economics","volume":"97 6","pages":"0"},"PeriodicalIF":2.8000,"publicationDate":"2023-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Investment Analysis Based on Intrinsic Value in the Information Technology and Pharmaceutical Sectors for Advancements in Digital Healthcare.\",\"authors\":\"None Xinlu Zhang\",\"doi\":\"10.61173/9wjk9v89\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In the annals of financial literature, the 1930s bore witness to a foundational shift with the publication of “Security Analysis” by Benjamin Graham and David Dodd, scholars at Columbia Business School. As articulated therein, value investing advocates for an analytical focus on equities priced beneath their calculated intrinsic or book values. Fundamentally, discerning investors target equities that, upon rigorous analysis, appear to be undervalued by prevailing market standards. Equities, in an economic construct, signify an entity’s ownership and proffer a claim on a specified tranche of its fiscal assets and revenues. To ascertain an equity’s intrinsic worth, investors meticulously examine a company’s foundational metrics, encompassing earnings, dividends, projected cash inflows, and overall fiscal robustness. The tenets of value investing transcend industry boundaries and are universally applicable. Whether in technology, healthcare, consumer goods, or industrial sectors, the principles remain valid, provided investors possess the insight to identify and leverage market inefficiencies. This paper aims to scrutinize prominent entities within the information technology and pharmaceutical arenas, interpreting their financial dynamics through the value investing paradigm.\",\"PeriodicalId\":47461,\"journal\":{\"name\":\"International Journal of Finance & Economics\",\"volume\":\"97 6\",\"pages\":\"0\"},\"PeriodicalIF\":2.8000,\"publicationDate\":\"2023-10-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Finance & Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.61173/9wjk9v89\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Finance & Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.61173/9wjk9v89","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
摘要
在金融文学的编年史上,随着哥伦比亚商学院(Columbia Business School)学者本杰明•格雷厄姆(Benjamin Graham)和戴维•多德(David Dodd)出版《证券分析》(Security Analysis), 20世纪30年代见证了一场根本性的转变。正如其中所阐述的那样,价值投资主张对股价低于其计算内在价值或账面价值的股票进行分析。从根本上说,精明的投资者会选择那些经过严格分析,按现行市场标准看来被低估的股票。在经济结构中,股权意味着一个实体的所有权,并对其财政资产和收入的特定部分提出要求。为了确定股票的内在价值,投资者会仔细检查公司的基本指标,包括收益、股息、预计现金流入和整体财政稳健性。价值投资的原则超越了行业界限,是普遍适用的。无论是在技术、医疗保健、消费品还是工业领域,只要投资者具备识别和利用市场低效率的洞察力,这些原则都是有效的。本文旨在审视信息技术和制药领域的突出实体,通过价值投资范式解释其财务动态。
Investment Analysis Based on Intrinsic Value in the Information Technology and Pharmaceutical Sectors for Advancements in Digital Healthcare.
In the annals of financial literature, the 1930s bore witness to a foundational shift with the publication of “Security Analysis” by Benjamin Graham and David Dodd, scholars at Columbia Business School. As articulated therein, value investing advocates for an analytical focus on equities priced beneath their calculated intrinsic or book values. Fundamentally, discerning investors target equities that, upon rigorous analysis, appear to be undervalued by prevailing market standards. Equities, in an economic construct, signify an entity’s ownership and proffer a claim on a specified tranche of its fiscal assets and revenues. To ascertain an equity’s intrinsic worth, investors meticulously examine a company’s foundational metrics, encompassing earnings, dividends, projected cash inflows, and overall fiscal robustness. The tenets of value investing transcend industry boundaries and are universally applicable. Whether in technology, healthcare, consumer goods, or industrial sectors, the principles remain valid, provided investors possess the insight to identify and leverage market inefficiencies. This paper aims to scrutinize prominent entities within the information technology and pharmaceutical arenas, interpreting their financial dynamics through the value investing paradigm.