There is a ‘New’ Beta in Town and it’s Not Called Total Beta for Nothing!

Business Valuation UpdateVol. 15 No. 3
March 2009
Peter J. Butler, CFA, ASA
Keith A. Pinkerton, CFA, ASA, MBA


When presenting the Butler Pinkerton Model™ (BPM) at various conferences across the country, we often ask audience members to define beta. Typically, a brave attendee responds that beta, “Measures the volatility of the stock relative to the volatility of ...