price-earning ratio

简明释义

价格收益比率

英英释义

例句

1.When evaluating stocks, many investors look at the price-earning ratio 市盈率 to determine if a stock is overvalued or undervalued.

在评估股票时，许多投资者查看市盈率以确定股票是否被高估或低估。

2.Analysts often compare the price-earning ratio 市盈率 of companies within the same sector to gauge relative value.

分析师通常比较同一行业公司之间的市盈率以评估相对价值。

3.Investors should be cautious when a company's price-earning ratio 市盈率 is significantly higher than its peers.

当一家公司的市盈率显著高于同行时，投资者应保持谨慎。

4.The company's price-earning ratio 市盈率 is higher than the industry average, indicating that investors expect high growth.

该公司的市盈率高于行业平均水平，这表明投资者预期其将实现高增长。

5.A low price-earning ratio 市盈率 might suggest that a company is undervalued, but it could also indicate poor future prospects.

较低的市盈率可能表明一家公司被低估，但也可能表明未来前景不佳。

作文

The concept of the price-earning ratio is fundamental in the world of finance and investing. It serves as a critical metric for investors to evaluate the relative value of a company's shares. The price-earning ratio (PE ratio) is calculated by dividing the current market price of a company's stock by its earnings per share (EPS). This ratio provides insight into how much investors are willing to pay for each dollar of earnings, which can help in assessing whether a stock is overvalued or undervalued.When examining the price-earning ratio, it is essential to consider the context in which it is being used. Different industries have varying average PE ratios, and what may be considered a high ratio in one sector could be standard in another. For instance, technology companies often have higher PE ratios due to their growth potential, while more established industries like utilities might exhibit lower ratios. Therefore, comparing the PE ratios of companies within the same industry can provide a more accurate picture of their relative valuations.Moreover, the price-earning ratio can be categorized into two types: trailing and forward PE ratios. The trailing PE ratio uses the earnings from the past twelve months, while the forward PE ratio uses projected earnings for the upcoming year. Investors often look at both metrics to gain a comprehensive understanding of a company's financial health and future prospects. A high trailing PE ratio might suggest that a company has performed well historically, but if the forward PE ratio is significantly lower, it could indicate that analysts expect a decline in earnings.In addition to providing a snapshot of a company’s valuation, the price-earning ratio can also signal investor sentiment. A rising PE ratio may indicate increasing investor confidence and expectations of future growth, while a declining PE ratio could suggest concerns about a company's performance or broader market conditions. However, it is crucial to remember that the PE ratio should not be used in isolation. Other financial metrics, such as the price-to-book ratio, debt-to-equity ratio, and return on equity, should also be considered to form a well-rounded view of a company's financial situation.Furthermore, the price-earning ratio can be influenced by external factors such as economic conditions, interest rates, and market trends. For example, during economic downturns, PE ratios tend to decrease as earnings decline and investor sentiment deteriorates. Conversely, in a booming economy, PE ratios may rise as companies report higher earnings and investors are more optimistic about future growth.In conclusion, the price-earning ratio is an invaluable tool for investors seeking to make informed decisions about stock purchases. By understanding how to interpret this ratio and considering it alongside other financial indicators, investors can better assess the attractiveness of a stock. While the price-earning ratio provides useful insights, it is essential to approach it with a critical mindset and to consider the broader context of the market and the specific industry in which a company operates. Ultimately, mastering the use of the price-earning ratio can significantly enhance an investor's ability to navigate the complex world of stock investing.

“市盈率”这一概念在金融和投资领域中是基础性的。它作为一个关键指标，帮助投资者评估公司股票的相对价值。“市盈率”（PE比率）通过将公司当前市场价格与每股收益（EPS）相除来计算。这个比率提供了投资者愿意为每一美元收益支付多少的洞察，这有助于评估一只股票是被高估还是低估。在研究“市盈率”时，考虑其使用的背景至关重要。不同的行业有着不同的平均市盈率，在一个行业中被认为是高比率的，在另一个行业中可能是标准的。例如，科技公司由于其增长潜力，通常拥有较高的市盈率，而像公用事业这样的成熟行业则可能表现出较低的比率。因此，在同一行业内比较公司的市盈率可以提供更准确的相对估值图景。此外，“市盈率”可以分为两种类型：滞后市盈率和前瞻市盈率。滞后市盈率使用过去十二个月的收益，而前瞻市盈率则使用未来一年的预测收益。投资者通常会同时查看这两个指标，以全面了解公司的财务健康状况和未来前景。高滞后市盈率可能表明公司在历史上表现良好，但如果前瞻市盈率显著较低，则可能表明分析师预计收益将下降。除了提供公司估值的快照外，“市盈率”还可以传达投资者情绪。上升的市盈率可能表明投资者信心增加和对未来增长的预期，而下降的市盈率则可能暗示对公司表现或更广泛市场状况的担忧。然而，必须记住，市盈率不应单独使用。其他财务指标，如市净率、债务权益比率和股本回报率，也应考虑在内，以形成公司财务状况的全面视图。此外，“市盈率”还可能受到经济条件、利率和市场趋势等外部因素的影响。例如，在经济衰退期间，市盈率往往会下降，因为收益减少且投资者情绪恶化。相反，在经济繁荣时期，市盈率可能会上升，因为公司报告更高的收益，投资者对未来增长更加乐观。总之，“市盈率”是投资者在寻求做出明智的股票购买决策时不可或缺的工具。通过理解如何解读这个比率，并将其与其他财务指标结合考虑，投资者可以更好地评估一只股票的吸引力。虽然“市盈率”提供了有用的见解，但以批判的思维方式来看待它，并考虑市场和公司所处特定行业的更广泛背景是至关重要的。最终，掌握“市盈率”的使用可以显著增强投资者在复杂股票投资世界中的导航能力。