gordon growth model การใช้

• An empirical test shows that SPM is substantially more accurate in estimating observed stock market prices than the Gordon Growth Model.
• Derived from the compound interest formula using the present value of a perpetuity equation, SPM is an alternative to the Gordon Growth Model.
• In a special case when a company's return on equity is equal to its risk adjusted discount rate, SPM is equivalent to the Gordon growth model ( GGM ).