Exploring the Relationship between Market Value and Accounting Numbers of Firms in Pakistan

  • Salman Riaz Xidian University, China
  • Yanping Liu Xidian University, China
  • Sajjad Hussain Khan School of accountancy and finance, The University of Lahore


This study examines the relationship between accounting numbers and market prices for the Pakistani cement industry. The study covers a time span of nine years from 2005-2014. We study the influence of book value of share, breakup value of share, earning per share, gearing ratio and dividend to equity ratio on market value of share. After applying different econometric techniques we found that book value of share and earnings per share have statistically significant influence on the market price of share.  

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