Median values of estimated parameters
| Median (n = 149) | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| Levered beta of all analyzed companies | 1.65 | 1.39 | 1.40 | 1.25 | 1.07 |
| Required return on equity capital (%) | 14.64 | 12.96 | 12.26 | 11.06 | 9.65 |
| Relative residual income (ROE-r) (%) | −6.02 | −3.54 | −1.64 | −0.94 | 0.22 |
| Risk-adjusted ROE (ROE-a) (%) | 6.15 | 7.91 | 8.98 | 8.69 | 9.64 |
| Median ( | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| Levered beta of all analyzed companies | 1.65 | 1.39 | 1.40 | 1.25 | 1.07 |
| Required return on equity capital (%) | 14.64 | 12.96 | 12.26 | 11.06 | 9.65 |
| Relative residual income (ROE- | −6.02 | −3.54 | −1.64 | −0.94 | 0.22 |
| Risk-adjusted ROE (ROE-a) (%) | 6.15 | 7.91 | 8.98 | 8.69 | 9.64 |
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