Which of the following statements is FALSE?
The value of a share is equal to the present value of all future earnings (EPS).
All else equal, if stock A's dividends grow at a higher rate than stock B's dividends, A is valued higher than B.
P/E ratio is also called earnings multiple because P = appropriate P/E * EPS.
If the current market share price is higher than its intrinsic value, it is over-valued.