单选题
All of the following are drawbacks to using price-to-book value (P/BV) as a valuation technique EXCEPT:
A、
P/BV valuation may give a misleading comparison of different types of business models.
B、
P/BV is an unstable measure of valuation.
C、
P/BV valuation does not adequately account for the positive impact of R&D expenditures.
【正确答案】
B
【答案解析】
P/BV is a relatively stable measure of valuation compared to others (e. g. P/E).
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