|
Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Stocks & shares
|
Buy Now
The Essential P/E (Paperback)
Loot Price: R365
Discovery Miles 3 650
You Save: R140
(28%)
|
|
|
The Essential P/E (Paperback)
 (sign in to rate)
List price R505
Loot Price R365
Discovery Miles 3 650
You Save R140 (28%)
Expected to ship within 12 - 17 working days
|
The price-earnings ratio, or P/E, is the most commonly quoted
investment statistic, but have you ever considered what it actually
means? For most people it's a shorthand way of deciding how highly
the market regards a company, with investors prepared to overpay
for earnings from a high-P/E 'glamour' stock as opposed to a
low-P/E 'value' stock. However, academics have known since 1960
that the opposite is true: value stocks outperform glamour stocks
consistently over decades. A company with a low P/E may have been
marked down for no readily apparent reason and thus could represent
an attractive value investment for those with the patience to wait
while the market re-values it. However, the P/E is a
backward-looking measure and just because the company earned GBP1
per share last year it doesn't necessarily mean it will earn
anything like that in the foreseeable future. Or, a low P/E can
mean a company is deservedly cheap because it is in financial
difficulty - in this case the company is likely to become cheaper
yet or even go into administration. This book is a practical guide
to how you can adjust and improve the price-earnings ratio and use
it, alongside other financial ratios, to run against the crowd and
boost your stock returns.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
