when say Franchise P/E, tangle P/E,… etc do they usually refer to P/E1 (leading P/E)? Thanks.
Franchise P/E is different than leading justified P/E and trailing justified P/E Intrinsic P/E = Tangible P/E + Franchise P/E = 1/r + (FF*G) Where FF= 1/r - 1/ROE And G = g/(r-g)