ANALYZING THE VALUATION OF STOCKS IN UZBEKISTAN
DOI:
https://doi.org/10.5281/zenodo.11296262Keywords:
stock valuation, emerging markets, financial reporting, market liquidity, investment, economic growth.Abstract
This article explores the methods of stock valuation in Uzbekistan, focusing on the challenges and adaptations required for their effective application in an emerging market context. Through a qualitative analysis, we assess traditional valuation methods such as the Price-to-Earnings (P/E) ratio, Price-to-Book (P/B) ratio, and newer approaches like the Earnings Power Value (EPV) and asset-based valuations. The findings highlight the impact of Uzbekistan’s unique economic policies, market immaturity, and regulatory environment on these valuation methods. Recommendations are made to enhance financial reporting standards, develop local valuation expertise, increase market liquidity, promote sector-specific frameworks, and strengthen regulatory oversight. The article concludes that with targeted improvements, Uzbekistan’s stock market can achieve greater transparency and efficiency, fostering a conducive environment for investment and economic growth.
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