"The **best approach to measuring intrinsic value** is by using the three components method: past **value, earnings value and return on invested capital**." ([Location 3843](https://readwise.io/to_kindle?action=open&asin=B07CNFFJ9J&location=3843)) --- **Tags** -- [[quotes]], [[intrinsic-value]], [[valuations]], [[return-on-invested-capital]], [[owner-earnings]] **Source** -- [[202506221723 - LN - Modern Value Investing]]