单从计算上看,只是把净利润从TTM年换成了十年滚动平均并剔除通胀影响,和常规PE似无太特别之处,但看到论文中这段内容后理解了其精髓。 We should first understand what the stability of a valuation ratio itself implies about mean reversion. If we accept the
PE ratio compares a company’s stock price with its earnings per share and helps determine if the stock is fairly priced. But what is a good PE ratio?
That’s an entirely possible explanation for a high price to earnings. To get a better grasp on the situation, you should ask yourself– is it because of market hype, or do investors truly see big future returns? Low PE Ratio A low PE ratio might look like an opportunity to get in ...
the P/E ratio shows what the market is willing to pay today for a stock based on its past or future earnings. A high P/E ratio could signal that a stock’s price is high relative to earnings and is overvalued. Conversely, a low P/E could indicate that the stock price is low relat...
have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is thePS Ratio. ...
Back to Basics: PE Ratio UGI PE Ratio Historical Data The historical data trend forUGI's PE Ratio can be seen below: * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. ...
peak to valley current ratioresonance level widthresonant tunneling diodeThis paper reports higher peak-to-valley current (P/V) ratio in GaInAs/InP resonant tunneling diode (RTD) than ever. In organomettalic vapor phase epitaxy, the P/V ratio depends strongly on the partial pressure of the ...
Investors should carefully evaluate the company's financials and growth prospects before investing in stocks with high P/E ratios. A low P/E ratio may suggest that the company is undervalued or that the investors aren't optimistic about its future earnings. However, it could also be a sign ...
Although the error ratio of approximation algorithms is low but uneven and thereby highly likely to result in continuous area visibility errors. Despite the quality of DEM data having improved significantly in the last decade, traditional approximation algorithms have been unable to take full advantage...
In other words, whenever the CAPE ratio of the market is high, it means stocks are overvalued, and returns over the next 20 years will likely be poor. In contrast, whenever the ratio is low, it means the stocks are undervalued, and returns over the next 20 years will likely be good....