Shahid Beheshti University Financial Management Perspective 2645-4637 11 33 2021 06 05 Comparative Investigating of Stock Valuation Discount Models in Companies Listed in Tehran Stock Exchange Comparative Investigating of Stock Valuation Discount Models in Companies Listed in Tehran Stock Exchange 113 138 101432 10.52547/jfmp.11.33.113 FA Mehdi Arabsalehi Associate Prof. Department of Accounting, University of Isfahan, Isfahan, Iran. Alireza Kamali Dehkordi Islamic Azad University, Shahrekord Branch Journal Article 2020 10 03 Stock investing decisions require information which Obtain through valuation models. Therefore, the purpose of this study is to compare the accuracy of the Dividend Discount Model, the Discounted Cash Flow Model, the Residual Earnings Model and the Abnormal Earnings Growth Model in explaining the stock price changes of listed companies in Tehran Stock Exchange during 2012-2018 (Iranian calendar 1391-1397). Target sample consists of 105 companies listed in Tehran stock exchange. Collected data were analyzed using T-test method.  The results show that in the Tehran Stock Exchange the intrinsic values estimated by the Dividend Discounted and the discounted cash flow model have the highest correlation with the market value of the stocks. These results also indicate that in the Tehran Stock Exchange These results show that cash dividends and cash flows were used more than any other information as a criterion for buying and selling stocks. Stock investing decisions require information which Obtain through valuation models. Therefore, the purpose of this study is to compare the accuracy of the Dividend Discount Model, the Discounted Cash Flow Model, the Residual Earnings Model and the Abnormal Earnings Growth Model in explaining the stock price changes of listed companies in Tehran Stock Exchange during 2012-2018 (Iranian calendar 1391-1397). Target sample consists of 105 companies listed in Tehran stock exchange. Collected data were analyzed using T-test method.  The results show that in the Tehran Stock Exchange the intrinsic values estimated by the Dividend Discounted and the discounted cash flow model have the highest correlation with the market value of the stocks. These results also indicate that in the Tehran Stock Exchange These results show that cash dividends and cash flows were used more than any other information as a criterion for buying and selling stocks. https://jfmp.sbu.ac.ir/article_101432_4fb3e700d18d05379e46da32b28ff30a.pdf