دور قياس القيمة الحقيقية للأسهم العادية باستخدام نموذج مضاعف الربحية في اتخاذ القرار الاستثماري : دراسة تطبيقية للأسهم المدرجة في بورصة الجزائر

Abstract EN

The objective of this article is to investigate to what extent the process of measuring the real value of ordinary shares contributes to making theoptimal investment decision using the profit multiplier model, since it is the one of the most important models that help identify the price imbalance between the market value of common stocks and its real value and compare these two values when making an investment decision.

To realize capital gains and reduce potential risks.

The applied study of a sample of shares of companies listed on the Algerian Stock Exchange showed the ability of the profit-multiplier model to measure the real value of these shares and thus provide appropriate information to investors to enable them to rationalize their investment decisions, As it has been concluded that all the real values of these shares are higher than their market value recorded on the valuation day, which gives investors the possibility of making gains by obtaining these shares at a price lower than their value.