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Guggenheim's ROIC Curve Valuation Framework

Guggenheim Investments a few years ago published a research piece entitled The ROIC Curve Valuation Framework. 

In it, they examine a few things: theoretical drivers of firm valuation, why focus on ROIC?, using the ROIC curve as a screening tool, ROIC curve empirical results, and the ROIC curve versus traditional valuation anomalies.

Embedded below is Guggenheim's The ROIC Curve presentation:

You can download a .pdf copy here.