q****x 发帖数: 7404 | 1 请教一下,pe不是已经反映了growth吗?peg的意义何在?二阶导数? | m********l 发帖数: 4394 | 2 没有, P/E 没反应growth.
【在 q****x 的大作中提到】 : 请教一下,pe不是已经反映了growth吗?peg的意义何在?二阶导数?
| q****x 发帖数: 7404 | 3 算pe时,g是一个参数啊。
【在 m********l 的大作中提到】 : 没有, P/E 没反应growth.
| A***l 发帖数: 302 | 4 The g in peg is expected long-term growth rate.
For P/E0, Latest available earnings is used (either yearly or aggregated qua
rterly earnings). So g does not enter the calculation.
For P/E1, analyst consensus forecast for year 1 is used. It may imply a grow
th rate versus E0. Nevertheless, the implied growth is different from long-t
erm growth rate, g.
【在 q****x 的大作中提到】 : 算pe时,g是一个参数啊。
| q****x 发帖数: 7404 | 5
qua
here you mean market p/e? but the intrinsic p/e is still using g to
calculate, isn't it? so why not just compare market p/e with the intrinsic
one?
grow
-t
【在 A***l 的大作中提到】 : The g in peg is expected long-term growth rate. : For P/E0, Latest available earnings is used (either yearly or aggregated qua : rterly earnings). So g does not enter the calculation. : For P/E1, analyst consensus forecast for year 1 is used. It may imply a grow : th rate versus E0. Nevertheless, the implied growth is different from long-t : erm growth rate, g.
| s******e 发帖数: 696 | 6 Company A which has higher PE usually indicate it has higher market expected
growth compared to Company B which has a lower PE, but it could also be
that Company A is overvalued compared to Company B. PEG will give you some
idea about if that's the case. If company A's growth is 50% more than
company B's, yet its PEG is double, then company A might be overvalued.
However, PEG assumes PE and Growth relation is somewhat linear, which is not. |
|