Another term that is used to refer to economic value is "fundamental value", which derives the quantity of value from so-called fundamental economic metrics generated by a firm at the firm-level, in contrast to pricing metrics generated by a securities market at the security-level.
Price is not value, pricing is not valuation, and pricing models are not valuation models.
The conventional academic capital asset pricing model has one factor, the beta coefficient.
- Models that include beta are pricing models, not valuation models.
- This is not merely a matter of semantics.