Welcome to the IPE Reference Hub. This site uses cookies. Read our policy.

Scientific Beta

Intangible Capital and the Value Factor: Has Your Value Definition Just Expired?

Intangible Capital and the Value Factor - Has Your Value Definition Just Expired?

Many index providers claim that the book-to-price ratio is no longer a sufficient descriptor of the value factor, arguing that it has become outdated because reported book value ignores investments into intangible assets. As a solution, they propose including other valuation ratios, such as earnings-to-price, sales-to-price, cash flow-to-price or dividend ...

Scientific Beta 

This is premium content

You are not logged in, Sign in or register to request access. 
Please note: If you had prior access to this content you may need to sign in again.

Asset Owners

If you are an institutional investor you are eligable for free access to all premium content.


Asset Managers

Asset managers with enhanced profiles are eligable for full access.

Please sign-in using your work email address or:



Premium subscription 

Investment services

Non-asset management investment service providers are able to purchase a subscription for access to premium content such as:

  • Latest industry thought leadership, news and research from the managers
  • Ranking of the Top 400 asset managers and country and asset class surveys
  • Research and asset class or investment theme

Get access to premium content subscribe today