Value Measures To locate potential value firms, Lakonishok uses the most common measures of value-price-to-book-value ratio, price-to-cash-flow ratio, price-earnings ratio and price-to-sales ratio.

For a financial performance measure to be good, it should generally rise when good things happen and decline when bad things happen. And it should motivate high-quality decision-making.

Dana Anspach explains how to quantify the value of financial planning using household balance sheets and other key metrics. Read Joe Biden doctor's full statement on refusing to testify Superman ...