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

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

如何用市盈率对一只股票进行估值?
Moomoo News ·  2021/01/29 20:43  · 独家

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从免费入门课程到高级交易策略,我们的目标是帮助您增长知识和更聪明地交易。让我们让投资变得更容易,而不是孤军奋战。

--Moomoo新闻团队

Overview

概述

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

在本文中,我们将讨论一些问题,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. 如何判断市盈率是高是低?

  4. 使用市盈率的局限性是什么?

  5. 如何在Moomoo上查询市盈率?

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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)是最常用的指标之一评估股票价格水平是否合理.

The formula is as follows:

公式如下:

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Source:Moomoo

来源:Moomoo

Key takeaway:

主要外卖:

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. 

该公司的股价是由其盈利能力推动的。市盈率是投资者判断股票是否昂贵的一个指标。

A low P/E = expected profit will decrease.

A低市盈率=预期利润将会下降。

A high P/E = expected profit will increase.

A高市盈率= 预期利润将增加.

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.

今天我们要介绍两个市盈率,一个是市盈率(TTM),另一个是市盈率(静态)。不同之处在于每股收益有两个主要品种。

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Source:Moomoo

来源:Moomoo

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

一般来说,投资者更多地使用市盈率(TTM),因为滞后效应更弱,更准确。

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:让我们通过计算苹果的市盈率来试一试。

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Source:Moomoo

来源:Moomoo

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

如何判断市盈率是高是低?

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?

苹果的市盈率为43.05倍,这意味着投资者愿意支付高达其每股收益43倍的价格来持有它。我们怎么知道这是太贵了还是太便宜了?

You can use some benchmarks for comparison:

您可以使用一些基准来进行比较:

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Source:Moomoo

来源:Moomoo

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

归根结底,这取决于苹果在未来收益方面的能力。

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. 

市盈率高达四十三倍的苹果,成长率比同业高,可能是因为市场对苹果未来的预期乐观。

Limitations of using P/E ratio?

使用市盈率的局限性是什么?

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. 

如果一家公司发展很快,但没有盈利,这里的市盈率就会是负的。所以呢,市盈率只能用于盈利的公司。,它最适合于稳定盈利的公司。

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关指标的信息,可以点击下面的文章。而Moomoo新闻团队将在未来引入其他指标。

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$苹果公司(AAPL.US)$例如:

Go to the Quote page

转到报价页面

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Source: The Motley Fool, Investopedia

来源:The Motley Fool,Investopedia

Editor: Mia

编辑:米娅

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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