1.   Cisco, for example, is trading at a lower multiple than its growth rate, a method investors often use in deciding how much to pay.

2.   Cigarette company shares trade at a lower multiple of earnings than do those of other consumer-product companies.

3.   If you think that is going on, you see higher interest rates, lower stock multiples and eventually lower earnings.

4.   Muoio noted that American cellular properties are selling at lower multiples because buyers think that there is more growth potential overseas.

5.   Schafer looks for stocks that have lower multiples and higher earnings growth rates than comparable United States companies.

6.   Sunday night, a person in the talks said that Seagram was actually paying a lower multiple for MCA than had been initially thought.

7.   The price sparked a rally in local gaming companies that carry lower multiples or are considered to have more valuable properties..

8.   The transaction price was slightly more than analysts had expected but still at a lower multiple to pretax earnings than Coca-Cola Enterprises stock currently trades at, Asman said.

9.   They now trade at much lower multiples than their American counterparts, but he expects them to start closing the gap.