RT Journal Article SR Electronic T1 The Future of Value Investing JF The Journal of Investing FD Institutional Investor Journals SP 33 OP 45 DO 10.3905/joi.2000.319437 VO 9 IS 4 A1 Laurence B. Siegel A1 John G. Alexander YR 2000 UL https://pm-research.com/content/9/4/33.abstract AB While the “value” style of investing fell on hard times in 1998-2000, the cornerstone of that approach--discounted cash-flow analysis--is still a sound valuation method and can be used to calcuate the fair value of “growth” as well as “value” companies. A DCF analysis of selected companies finds the growth stocks overpriced and the value stocks underpriced. Looking forward, however, values investors may need to retool their approach to fit today's market realities, including the possibility that some declining, old-line companies that appear to be good value are not.