price-earning ratio

简明释义

市价盈利率

英英释义

例句

1.A high price-earning ratio 市盈率 might suggest that a company is expected to grow significantly in the future.

高的市盈率 price-earning ratio 可能表明公司预计未来将显著增长。

2.Analysts use the price-earning ratio 市盈率 as a tool to evaluate a company's financial health.

分析师使用市盈率 price-earning ratio 作为评估公司财务健康的工具。

3.The company's price-earning ratio 市盈率 indicates whether its stock is overvalued or undervalued.

公司的市盈率 price-earning ratio 指出其股票是被高估还是低估。

4.When comparing two companies, it's essential to consider their price-earning ratio 市盈率 for a fair assessment.

在比较两家公司时，考虑它们的市盈率 price-earning ratio 是公平评估的关键。

5.Investors often look at the price-earning ratio 市盈率 when deciding which stocks to buy.

投资者在决定购买哪只股票时，通常会查看市盈率 price-earning ratio。

作文

The concept of the price-earning ratio is fundamental for investors who wish to evaluate the value of a company's stock. The price-earning ratio, often abbreviated as P/E ratio, is a financial metric that compares a company's current share price to its earnings per share (EPS). This ratio provides insight into how much investors are willing to pay for a dollar of the company's earnings. Understanding the price-earning ratio is crucial for making informed investment decisions.To calculate the price-earning ratio, one must divide the market value per share by the earnings per share. For instance, if a company’s stock is trading at $50 and its earnings per share is $5, the price-earning ratio would be 10. This means that investors are willing to pay $10 for every dollar of earnings. A higher price-earning ratio may indicate that the market expects future growth, while a lower ratio might suggest that the stock is undervalued or that the company is experiencing difficulties.Investors often use the price-earning ratio to compare companies within the same industry. For example, if Company A has a P/E ratio of 15 and Company B has a P/E ratio of 20, investors might conclude that Company A is a better value, assuming both companies have similar growth prospects and risk profiles. However, it is essential to consider other factors, such as the overall market conditions and the company's historical performance, before making investment decisions based solely on the price-earning ratio.Moreover, the price-earning ratio can also vary significantly between different sectors. For instance, technology companies typically have higher P/E ratios than utility companies due to their potential for rapid growth. Therefore, when analyzing the price-earning ratio, it is vital to take the industry context into account. In addition to comparing companies, the price-earning ratio can also help investors assess whether a stock is overvalued or undervalued relative to its historical average. If a company's current P/E ratio is significantly higher than its historical average, it may indicate that the stock is overvalued, leading investors to reconsider their position. Conversely, if the P/E ratio is lower than its historical average, it could suggest that the stock is a bargain.While the price-earning ratio is a valuable tool, it is not without its limitations. One significant drawback is that it does not account for debt levels or cash flow. A company with high debt may have a high P/E ratio, but that could be misleading if the company struggles to manage its debt obligations. Therefore, investors should use the price-earning ratio in conjunction with other financial metrics, such as the price-to-book ratio, debt-to-equity ratio, and return on equity, to gain a comprehensive understanding of a company's financial health.In conclusion, the price-earning ratio is an essential metric for investors looking to evaluate stocks. By comparing a company's current share price to its earnings, the P/E ratio helps investors gauge market expectations and identify potential investment opportunities. However, it is crucial to consider the broader context, including industry norms and other financial indicators, to make well-informed investment decisions. Ultimately, mastering the price-earning ratio can empower investors to navigate the complexities of the stock market more effectively.

“市盈率”这一概念对于希望评估公司股票价值的投资者来说是基础性的。“市盈率”，通常缩写为P/E比率，是一种财务指标，它将公司的当前股价与每股收益（EPS）进行比较。这个比率提供了投资者愿意为公司每一美元的收益支付多少钱的洞察。理解“市盈率”对于做出明智的投资决策至关重要。计算“市盈率”需要将每股市场价值除以每股收益。例如，如果一家公司的股票交易价格为50美元，而其每股收益为5美元，则“市盈率”为10。这意味着投资者愿意为每一美元的收益支付10美元。较高的“市盈率”可能表明市场预计未来增长，而较低的比率可能暗示股票被低估或公司面临困难。投资者通常使用“市盈率”来比较同一行业中的公司。例如，如果公司A的P/E比率为15，而公司B的P/E比率为20，投资者可能会得出结论认为公司A更具价值，假设两家公司具有相似的增长前景和风险特征。然而，在仅仅基于“市盈率”做出投资决策之前，考虑其他因素，例如整体市场状况和公司的历史表现，是至关重要的。此外，不同部门之间的“市盈率”也可能有显著差异。例如，科技公司的P/E比率通常高于公用事业公司，因为它们具有快速增长的潜力。因此，在分析“市盈率”时，考虑行业背景是至关重要的。除了比较公司之外，“市盈率”还可以帮助投资者评估股票相对于其历史平均水平是否被高估或低估。如果一家公司当前的P/E比率显著高于其历史平均水平，这可能表明该股票被高估，导致投资者重新考虑其立场。相反，如果P/E比率低于其历史平均水平，则可能表明该股票是一个便宜货。虽然“市盈率”是一个有价值的工具，但它并非没有局限性。一个显著的缺点是它不考虑债务水平或现金流。一家债务高企的公司的P/E比率可能很高，但如果该公司难以管理其债务义务，这可能会产生误导。因此，投资者应将“市盈率”与其他财务指标结合使用，例如市净率、债务权益比率和股本回报率，以全面了解公司的财务健康状况。总之，“市盈率”是投资者评估股票的重要指标。通过将公司的当前股价与其收益进行比较，P/E比率帮助投资者评估市场预期并识别潜在的投资机会。然而，考虑更广泛的背景，包括行业规范和其他财务指标，对于做出明智的投资决策至关重要。最终，掌握“市盈率”可以使投资者更有效地应对股票市场的复杂性。