PT  - JOURNAL ARTICLE
AU  - Manjeet S. Dhatt
AU  - Yong H. Kim
AU  - Sandip Mukherji
TI  - Can Composite Value Measures Enhance Portfolio Performance?
AID  - 10.3905/joi.2004.450755
DP  - 2004 Nov 30
TA  - The Journal of Investing
PG  - 42--48
VI  - 13
IP  - 4
4099  - https://pm-research.com/content/13/4/42.short
4100  - https://pm-research.com/content/13/4/42.full
AB  - There is considerable evidence that value stocks, which have low market multiples, earn higher long-term returns than growth stocks, which have high market multiples, but the relative efficiency of different value measures remains unclear. This research investigates whether composite value measures can be used to enhance the performance of value portfolios. It examines the relative efficiency of individual value measures and determines whether there is a significant value premium for a broad cross-section of tradable U.S. stocks.