Yiyiphi Ixabiso kuMvuzo okanye kwi-P / E Ratio?

Ixabiso ukuya kwiiRatios zoNcedo zingaba luncedo Ukuba Uyazi indlela yokuzisebenzisa

Ixabiso lentlawulo yokufumana umvuzo, okunye okubizwa ngokuba ngumlinganiselo we-P / E, ukubalwa okukhawulezayo kusetyenziswe ukuhlola indlela ebiza ngayo, okanye ixabiso elincinci, imarike yesitishi ingaba naliphi na ixesha. Kanye nje ngokuba umhloli wesixhobo angaphuma kwaye anike ukuqikelelwa kwexabiso lekhaya lakho, isixa se-P / E sixhobo ongasisebenzisa ukuqikelela inani elifanelekileyo lemarike.

Kwakhona ietrikhi ezisetyenziselwa ukuncedisa iifaki ezifanayo omnye komnye.

Ngokufanayo ndithetha amasheya ezinkampani kumashishini afanayo okanye iinkampani ezivelisa uhlobo olufanayo lwemveliso okanye inkonzo. Isilinganiso se-P / E asiyisebenzisekanga xa kuthelekisa amasheya kumashishini ahlukeneyo, njengoko amashishini athile ayaziwa ukuba aphezulu kakhulu P / Izilinganiso ze-E kunamanye amashishini.

Ukulinganiswa kweP / E Kubalwa njani?

Ngendlela elula, umlinganiselo we-P / E yintengo (P) eyahlula ngemali (E). Isitokethi esinamaxabiso e-$ 10 isabelo, kunye nemali eyiminyaka edlulileyo ye-$ 1 isabelo, iya kuba ne-P / E isilinganiso se-10. Ukuba inani lentengo likhuphukela ku-$ 12 isabelo kunye nemali engenayo iyahlala enye, i-stock / Umlinganiselo we-E uza kuba ngu-12 kwaye isitokethi iya kuba kubi kakhulu njengokuba ngoku uhlawula intengo ephezulu nge dollar yemali.

Kukho iindlela ezininzi zokubala izilinganiso ze-P / E. Iifomula ezintathu eziqhelekileyo ezisetyenziswayo zi:

1. Jonga i-P / E isilinganiso esekelwe kwimali yokufumana umnyaka wonyaka
2. Sebenzisa i-forecast forecast yengeniso enikezelwa yinkampani okanye ngabahlalutyi bempahla

1. Thatha umbono obanzi ngokusebenzisa umyinge weshumi umyinge wemali eyadlulileyo (into ebizwa ngeP / E 10 okanye i-CAPE emele ixabiso lentengo elungisiweyo

Ukongezelela, ii-P / E izilinganiso zesitokethi ngasinye kufuneka zichazwe ngokuthe ngqo kunamaxabiso e-P / E kwimarike yonke. Umlinganiselo we- P / E we-S & P 500 uye wavela kwi-40 phezulu kwi-bubble tech kwiminyaka engama-90 ukuya ngaphantsi kwe-7 phantsi kweemarike ezimbalwa zeebhere.

Iiphene zeP / E iimpazamo

Abanini-zimali abasemagqabini banokuyenza impazamo yokusebenzisa umlinganiselo we-P / E ukuthenga isitokethi esabonakala singabalulekanga, okanye ukuthengisa enye ebonakala ibaluleke kakhulu. Zichaza loo datha kakhulu kwaye ibale ukuba i-"E", eyona nkcukacha yenkxaso-mali, mhlawumbi i-data edlulileyo (kwaye ikusasa ingahluka) okanye idatha yokufumana i-estimation yexesha elizayo (kwaye ikusasa lingafani). Ngenxa yesi sizathu, sebenzisa izilinganiso ze-P / E ngokulumkisa , kwaye ungasebenzisi njengesixhobo esisodwa sokwenza izigqibo.