I did see something reg franchise P/E in one of the equity vignettes in the on-line practice assessments, no? It was the first time I heard of it… But apparently is not in the curriculum this year (I read it somewhere in AF).
They also included a couple of shitty calculations (maybe the same test because I’ve done 3) reg P/E with inflation, that it’s actually on the official curriculum (next to the Yardeni and Fed Model which I hope they will not ask).