老师，能否解释一下为什么GTM方法可以放映被收购公司的整体价值而GPCM不可以吗？

问题如下：

Given Schmidt’s preference, which of the following valuation methods is most appropriate to value Dairy Foody?

选项：

Excess earnings method

Capitalized cash flow method

Guideline transactions method

解释：

C is correct. Schmidt and Beckett are valuing 100% of Dairy Foody as part of their acquisition analysis. The guideline transactions method (GTM) uses a multiple that specifically relates to the sale of entire companies and establishes
the value estimate of a business based on pricing multiples derived from the acquisition of control of entire public or private companies. The GTM is appropriate given that Schmidt prefers the valuation to reflect market pricing from recent acquisition activity in the food industry, which has been high in recent months.