Employing a strategy that is a little different from many of its peers, Applied Finance secured a mandate from GPIF — the world’s largest pension — in October, following a due diligence process that started that summer.
Applied Finance challenges the notion of some definitions of value: cheapness rooted in statistical properties of stock prices rather than the fundamental properties of a company.
Applied Finance goes beyond using traditional multiples to capture what it calls the “intrinsic value” of a company. Applied Finance measures the underlying “economic vitality” of a company, which can be compared across time, firms, and industries.
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