RE: RE: SFCF and the 4.5 Average Multiple Back in the day they didnt even have "statement of cash flows"..... Imagine how undervalued this stock would be at that time???! The "statement of cashflows" does all the math for you so it is easy to see how much money the company is generating. Before, you had to calculate it by hand using multiple balance sheets.
It's quite sad people still put so much emphasis on manipulatable measures like the PE.