Ukuchaza iRhafu-to-Book Ratio
Ukubeka nje, umlinganiselo wenani-kwincwadi, okanye umlinganiselo we-P / B, isilinganiselo semali esetyenziselwa ukuthelekisa intengo yexabiso lemarike yangoku kwixabiso leencwadi. Kwakhona ngamanye amaxesha kuthiwa yi-market-to-book ratio. Ingcamango engemva kwexabiso "utyalo-mali" kwixesha elide kukufumana abalali beemarike abathile abatyali-mali abatyelayo kwaye babambelela kubo njengoko iinkampani zihamba ngezoshishino zabo ngaphandle kokufumana ingqalelo kwiimarike. Emva koko, ngokukhawuleza ngaphandle kwesixwayiso okanye intando, isitoreji sokulala siphume kwisikrini somhlalutyi othile "owazifumanayo" kwaye unika imali kwisitokisi. Okwangoku, njengexabiso lokutyalomali-mali, ubeka i-profit profit, ngamanye amaxesha nokuba ube nobutyebi.
Iindlela ezimbini zokubala i-P / B Isilinganiselo
Ukuba ukhetha ukubala umlinganiselo wendlela yokuqala, ixabiso lemali yenkampani lihlulwe yindleko yencwadi yenkampani kwi-balance sheet yayo. Kodwa, ukuba ukhetha ukubala umlinganiselo wendlela yesibini (oko kukuthi, ukusebenzisa ixabiso lentengo ngalinye) kufuneka ulwahlule intlawulo yesabelo senkampani ngokubaluleka kwencwadi yenzuzo.
Ngamanye amazwi, ixabiso lihlulwe liqela lezabelo ezibalaseleyo.
Utshintsho lwezoshishino
Njengokuba kunamanani amaninzi, kukho inani elincinci lokutshintshwa kweshishini. Amashishini afuna ngaphezulu kweengxowa-mali zengqalasizinda (nganye idola yenzuzo) ngokuqhelekileyo athengise amaxabiso e-P / B ngaphantsi kakhulu, ngokomzekelo, ukubonisana namafemu.
Ukulinganiswa kwexabiso-kuya-ncwadi kusetyenziswa ukuthelekisa ibhanki kuba ubuninzi beempahla kunye neemfanelo zebhanki zihlala zixabiswa kwixabiso lemarike. Inani eliphezulu leP / B lithetha ukuba abatyali-mali balindele ukuba ulawulo lube nexabiso elongezelelweyo kwiqoqo leefa. Kubalulekile ukuba uqaphele ukuba izilinganiso zeP / B aziboneli ngokuthe ngqo naluphi na ulwazi malunga nekhono lenkampani ukuvelisa inzuzo okanye imali yabanini-mali.
Iingxaki zokusebenzisa ukulinganiswa kweP / B
Xa imigangatho yokubaluleka esetyenziswa ngamafemu ehlukahluka, izilinganiso ze-P / B zingafaniseki, ngakumbi kwiinkampani ezivela kumazwe ahlukeneyo. Ukongezelela, iirejista zeP / B zingaba luncedo kuncinci kwiinkonzo kunye neenkampani zeteknoloji yeenkcukacha ezinezinto ezincinci ezingabonakaliyo kwiimakhishithi zazo.
Kuthiwani Ngeenkampani Ezixinzelelekileyo?
Umlinganiselo weP / B unika ingcamango yokuba ingaba umtyalo-mali uhlawula kakhulu oko kuza kushiywa ukuba inkampani ihambe ngokukhawuleza. Kwiinkampani ezixinzelelekileyo, ukubaluleka kwencwadi kubalwa ngaphandle kweempahla ezingabonakaliyo ezingenakho ukuhlaziywa kwexabiso. Kwiimeko ezinjalo, umlinganiselo we-P / B kufuneka ubalwe kwi-"diluted", ngenxa yokuba okukhethwa kwezinto ezinokuthi zithengise ekuthengiseni inkampani okanye ekuqhubeni ukuphathwa.
Amanqaku kulolu chungechunge:
- Iintlawulo ngeSabelo-EPS
- Ixabiso kwiRatio yokuFumana - P / E
- Ukukhula kweProjekthi yokufumana ukukhula - i-PEG
- Ixabiso lokuthengisa - P / S
- Ixabiso lokuBhala - P / B
- Ulwahlulo lokuhlawula
- Uhluthwa
- Ixabiso leNcwadi
- Buyela kwi-Equity
Buyela kwinqaku eliphambili.