Ixabiso lokuBhala kwiRatio yi-zixhobo eziyimfihlo zentengo-mali.
Xa ucinga ngabafaki-zimali abaninzi kwimbali yemakethe yemasheya, amagama afana noWarren Buffett noBenjamin Graham baya engqondweni. Aba batyali-zimali abaqhelekileyo baxhasa "utyalo-mali" kwaye akukho mhlalutya ohlawulelwayo ohambelana nexabiso kunexabiso kwiNcwadi yokuBala.
Uxabiso lwabatyalomali aluxhaswanga ngokukhula kwimivuzo njengento abayibonayo "ixabiso langaphakathi" lenkampani-into abayithemba ukuyifumana phambi kweemarike.
Enye yamatriki abasebenzisa ukufumana le xabiso yiNkokheli yokuBhala kwiRatio okanye i-P / B ekhangele ixabiso lemarike okwangoku ibeka kwisitokthi esimalunga nenani leencwadi.
Yintoni enokubaluleka kwencwadi onokuyibuza? Ixabiso lentengo libalwe ngokunjalo;
Iimpahla - Iimfanelo = Ixabiso leNcwadi
Indlela engcono yokucinga ngayo ingaba, yicinga ukuba inkampani inqambile ukwenza ishishini ngokukhawuleza. Emva kokuba uhlawule zonke iimpahla zakhe kwaye uhlawule lonke ityala lalo, yintoni eya kushiywa? Ungakwazi ukwahlula loo mali ngenani lezabelo eziseleyo kwaye unenani lexabiso.
Inkampani eqhubekayo nephilileyo iya kuhlala ithengisa ngaphezu kwexabiso lencwadi ngokulindela ukukhula kwangomso.
Ngoko ukubala ixabiso lokuBhala ixabiso lokulinganisela ulandela nje le fomula;
Ixabiso leSitokisi / (Iimpahla - Iimfanelo) = P / B
Umlinganiselo wezantsi weP / B unokwenzeka ukuba isitokethi ayinakulinganiswa, kwaye phezulu, mhlawumbi iphezulu.
Xa usebenzisa lo mlinganiselo ukuhlalutya njengokuba isitokethi kufuneka kuthathwe kwimeko kunye nezinye izitokisi kwicandelo elifanayo kuba ixabiso eliyiNtengo kwiNcwadi yeeRatiyo ziya kuhluka ngeqela leshishini.
Njengoko kunye nohlalutyo olusisiseko, kukho ininzi evulelwe ukutolika. Ngokomzekelo, ukuba intengo yesitishi ithinteke kwixesha elifutshane ngeemakethe zeemakethe, iyakwazi ukuhlawula ixabiso lokuBhala kwiRatio kwinqanaba lokuba ayikho nto.
Isisombululo salokhu kukusebenzisa intengo yesitoreji esilinganiselwe kwisithuba seenyanga ezili-12 zokugqibela xa ubala isilinganiso seP / B ukwenzela ukucoca isandi.
UWarren Buffett ucatshulwa esithi, "Uhlawula ixabiso. Xa usebenzisa umlinganiselo we-P / B njengomtyalo-mali awukhathazeki ngexabiso -kuba kufuneka lijongane nantoni-njengokuba ulixabiso lexesha elide ocinga ukuba lingavulwa kwinkampani.
Ngenxa yoko, kufuneka usebenzise kuphela umlinganiselo weP / B ekuhlalutheni kwakho ukuba unomonde wokuhlala nesitokisi ixesha elide. Ukusebenzisa ukuzama nokufumana umgca wexesha elifutshane akuyona indlela efanelekileyo yokusebenzisa le sixhobo.
UWarren Buffett ngokwakhe akanakuze athengise iisitokisi zakhe, eninzi ayenayo iminyaka emininzi, ukwenzela ukuba bafezekise ixabiso elicinga ukuba banalo.
Jonga ezi zilandelayo zihloko malunga nohlalutyo oluphambili;
- Iintlawulo ngeSabelo-EPS
- Ixabiso kwiRatio yokuFumana - P / E
- Ixabiso lokuthengisa - P / S
- Ulwahlulo lokuhlawula
- Uhluthwa
- Buyela kwi-Equity
Njengoko lwam uchungechunge oluhlalutyo oluphambili luya kujonga zonke ezo zihloko ukuze ufumane ukuqonda ngokubanzi kwenkqubo yokukhetha amasheya okuwina.
Nangona usebenzisa i-siseko, kutheni ungaqwalasele uchungechunge lwam oluhlalutyo lobugcisa ?
------
I-Lund Loop iyinxalenye yento endiyibhalayo, ukufunda, nokuva malunga nezimali, i-tech, umculo, i-pop culture, i-humor kunye nobomi obuhle. Kodwa ungalokothi udlale okanye udibanise .....! Bhalisa mahhala ngokuchofoza apha.
Iimpawu zeMifanekiso: Umthombo wesithombe / Umthombo Umthombo / Getty Izithombe