Table 19.
Year wise Tobin’s Q scores of the Alternatives.
| Alternatives | Tobin’s Q values |
|||||||
|---|---|---|---|---|---|---|---|---|
| 2013–14 | 2014–15 | 2015–16 | 2016–17 | 2017–18 | 2018–19 | 2019–20 | 2020–21 | |
| A1 | 14.44 | 12.842 | 10.043 | 7.401 | 5.110 | 5.006 | 4.392 | 3.624 |
| A2 | 3.80 | 3.908 | 3.739 | 3.688 | 3.881 | 3.101 | 2.788 | 2.634 |
| A3 | 13.65 | 10.561 | 10.698 | 9.852 | 9.733 | 9.385 | 8.773 | 5.543 |
| A4 | 37.58 | 29.892 | 25.145 | 19.776 | 15.927 | 12.697 | 12.715 | 13.783 |
| A5 | 10.22 | 9.312 | 8.741 | 7.801 | 5.863 | 4.907 | 4.366 | 4.109 |
| A6 | 15.72 | 13.452 | 11.501 | 10.014 | 9.141 | 8.902 | 8.159 | 7.695 |
| A7 | 26.24 | 22.406 | 18.763 | 16.058 | 16.719 | 17.260 | 15.854 | 12.988 |
| A8 | 2.85 | 2.807 | 3.087 | 3.194 | 2.910 | 2.943 | 2.823 | 2.641 |
| A9 | 14.25 | 13.470 | 8.477 | 8.728 | 8.189 | 8.150 | 8.586 | 8.994 |
| A10 | 0.47 | 0.665 | 0.732 | 0.568 | 0.573 | 0.599 | 0.713 | 0.749 |
| A11 | 15.92 | 14.023 | 11.806 | 17.162 | 14.281 | 13.988 | 12.373 | 12.210 |
| A12 | 3.26 | 3.096 | 2.959 | 2.895 | 2.638 | 2.355 | 2.121 | 1.896 |
| A13 | 15.77 | 14.436 | 11.976 | 11.144 | 10.347 | 10.050 | 9.027 | 7.883 |
| A14 | 23.08 | 18.760 | 17.554 | 13.229 | 10.192 | 9.130 | 7.855 | 6.892 |
| A15 | 42.83 | 41.273 | 39.093 | 33.825 | 31.920 | 30.040 | 8.828 | 8.870 |
| A16 | 8.30 | 7.294 | 6.766 | 5.972 | 5.314 | 4.955 | 5.168 | 4.984 |
| A17 | 3.43 | 4.749 | 4.265 | 4.007 | 3.920 | 4.122 | 3.773 | 3.771 |
| A18 | 2.51 | 2.299 | 2.275 | 2.085 | 1.896 | 1.637 | 1.608 | 1.457 |
| A19 | 16.66 | 18.789 | 17.338 | 16.402 | 13.734 | 15.850 | 14.847 | 14.724 |
| A20 | 30.45 | 28.849 | 26.005 | 24.233 | 21.677 | 24.769 | 22.761 | 22.393 |
| A21 | 30.06 | 24.028 | 21.471 | 39.102 | 31.765 | 28.339 | 24.639 | 28.162 |
| A22 | 6.46 | 6.324 | 5.144 | 5.559 | 5.647 | 5.714 | 4.789 | 4.617 |
| A23 | 14.29 | 15.877 | 15.924 | 14.480 | 13.966 | 5.900 | 5.388 | 5.265 |
| A24 | 11.45 | 11.456 | 10.155 | 9.873 | 9.260 | 8.177 | 7.838 | 7.650 |
| A25 | 21.16 | 20.255 | 16.919 | 13.660 | 2.343 | 2.404 | 2.508 | 2.526 |
| A26 | 2.34 | 1.976 | 1.745 | 1.667 | 1.697 | 1.611 | 1.691 | 2.342 |
| A27 | 19.30 | 16.011 | 15.352 | 10.339 | 8.369 | 7.626 | 7.564 | 6.675 |
| A28 | 30.72 | 23.953 | 23.167 | 20.753 | 16.691 | 14.512 | 12.292 | 10.100 |
| A29 | 7.99 | 6.955 | 5.987 | 5.248 | 4.903 | 4.554 | 4.290 | 3.790 |
| A30 | 11.48 | 9.774 | 7.739 | 6.972 | 6.028 | 5.154 | 4.644 | 4.656 |