Explore the complexities of terminal values in accounting-based valuation and discover how they diverge from discounted cash flow (DCF) methodologies. Learn about the abnormal earnings approach, discounted cash flow approach, and the role of long-term average ROE in determining stock prices. Get insights into the valuation task, including the impact of long-term average ROE changes on stock prices. This resource is designed to help students confidently tackle valuation concepts and excel in their exams.