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How to value a stock with the P/E ratio?

How to value a stock with the P/E ratio?

如何用市盈率對一隻股票進行估值?
Moomoo News ·  2021/01/29 20:43  · 獨家

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-Moomoo News Team

從免費入門課程到高級交易策略,我們的目標是幫助您增長知識和更聰明地交易。讓我們讓投資變得更容易,而不是孤軍奮戰。

--Moomoo新聞團隊

Overview

概述

In this article, we will go through some questions like:

在本文中,我們將討論一些問題,例如:

  1. What is the Price-earnings (P/E) ratio?

  2. How to use the P/E ratio?

  3. How to judge whether the P/E ratio is high or low?

  4. Limitations of using P/E Ratio?

  5. How to look up the P/E ratio on Moomoo?

  1. 市盈率是多少?

  2. 如何使用市盈率?

  3. 如何判斷市盈率是高是低?

  4. 使用市盈率的侷限性是什麼?

  5. 如何在Moomoo上查詢市盈率?

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What is the Price-earnings(P/E) ratio?

市盈率是多少?

The Price-earnings ratio (P/E ratio) is one of the most commonly used indicators to assess whether the stock price level is reasonable.

市盈率(本益比)是最常用的指標之一評估股票價格水平是否合理.

The formula is as follows:

公式如下:

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Source:Moomoo

來源:Moomoo

Key takeaway:

主要外賣:

The company's stock price is driven by its profitability. The P/E ratio is a measure for investors to judge whether the stock is expensive. 

該公司的股價是由其盈利能力推動的。市盈率是投資者判斷股票是否昂貴的一個指標。

A low P/E = expected profit will decrease.

A低市盈率=預期利潤將會下降。

A high P/E = expected profit will increase.

A高市盈率= 預期利潤將增加.

Today we are going to introduce two P/E ratios, one is P/E (TTM) and the other is P/E (Static). The difference is because EPS comes in two main varieties.

今天我們要介紹兩個市盈率,一個是市盈率(TTM),另一個是市盈率(靜態)。不同之處在於每股收益有兩個主要品種。

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Source:Moomoo

來源:Moomoo

Generally speaking, investors use P/E (TTM) more, because the lag effect is weaker and more accurate.

一般來説,投資者更多地使用市盈率(TTM),因為滯後效應更弱,更準確。

How to use the P/E ratio?

如何使用市盈率?

For example: Let's try this out by calculating the P/E ratio for Apple.

例如:讓我們通過計算蘋果的市盈率來試一試。

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Source:Moomoo

來源:Moomoo

How to judge whether the P/E ratio is high or low?

如何判斷市盈率是高是低?

Apple has a P/E ratio of 43.05, which means investors are willing to pay up to 43 times its earnings per share to own it. How do we know is that too expensive or too cheap?

蘋果的市盈率為43.05倍,這意味着投資者願意支付高達其每股收益43倍的價格來持有它。我們怎麼知道這是太貴了還是太便宜了?

You can use some benchmarks for comparison:

您可以使用一些基準來進行比較:

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Source:Moomoo

來源:Moomoo

Ultimately, it can depend on what Apple is capable of accomplishing in terms of future earnings. 

歸根結底,這取決於蘋果在未來收益方面的能力。

Apple with a 43 P/E ratio has a higher growth rate than its peers, maybe because the market's expectation of Apple is optimistic in the future. 

市盈率高達四十三倍的蘋果,成長率比同業高,可能是因為市場對蘋果未來的預期樂觀。

Limitations of using P/E ratio?

使用市盈率的侷限性是什麼?

If a company is developing rapidly but is not profitable, the P/E ratio will be negative here. Therefore, the P/E ratio can only be used for profitable companies, and it is best used for stable profitable companies. 

如果一家公司發展很快,但沒有盈利,這裏的市盈率就會是負的。所以呢,市盈率只能用於盈利的公司。,它最適合於穩定盈利的公司。

If you want to know more about indicators, you can click on the article below. And Moomoo News Team will introduce other indicators in the future.

如果你想了解更多有關指標的信息,可以點擊下面的文章。而Moomoo新聞團隊將在未來引入其他指標。

How to look up the P/E ratio on Moomoo?

如何查找市盈率在Moomoo上?

Take $Apple Inc(AAPL.US)$ for an example:

拿走$蘋果公司(AAPL.US)$例如:

Go to the Quote page

轉到報價頁面

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Source: The Motley Fool, Investopedia

來源:The Motley Fool,Investopedia

Editor: Mia

編輯:米婭

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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