1.   Big, million-ounce companies have been trading at much higher multiples of cash flow.

2.   Black said that smokeless tobacco stocks have been trading at higher multiples to earnings than cigaratte stocks because they were thought to be exempt from litigation.

3.   But then, media companies typically trade at higher multiples than many other types of businesses, on the theory that they will grow faster.

4.   Consumer products companies have a higher valuation and a higher multiple since the industry is less cyclical and more predictable, Sanders said.

5.   In the future, of course, the unit could grow into a multiple higher than three times earnings before adjustments.

6.   Investors tend to pay a higher multiple of earnings for companies whose sales and earnings are expected to increase than for those with slower growth.

7.   Investors are awarding larger real estate companies with share prices that are trading at higher multiples to earnings than smaller companies.

8.   Investors are awarding the larger real estate companies with share prices that are trading at higher multiples to earnings than the smaller companies.

9.   It pointed out how Brightpoint, based in Indianapolis, traded at a sharply higher multiple to its earnings than Cellstar.

10.   Moreover, he said, good restaurant chains trade at higher multiples than food companies.