1 2 3 4 5 6 “ ” 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 P/S,P/E,P/B DDM DCF EPS Growth EBIT Margin Sales Growth 22 23 TE = TE TETE 24 25 26 27 28 29 30 31 32