These
tables are the converse of the previous ones. All other
things being equal, shares with low PSRs are better value
than those with higher ratios. In companies with new management,
a low PSR gives an idea of the future potential if margins
can be improved.
The
trend of both sales and margins is clearly of critical importance.
To
give an all-round picture, the last two columns have been
devoted to prospective PER and PTBV.
REFS is
a mine of invaluable information for the private investor.
