The Essential P/E: Understanding the Stock Market Through the Price-Earnings Ratio
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The price-earnings ratio, or P/E, is the most commonly quoted investment statistic, but have you ever considered what it actually means? For most people it's a shorthand way of deciding how highly the market regards a company, with investors prepared to overpay for earnings from a high-P/E 'glamour' stock as opposed to a low-P/E 'value' stock. However, academics have known since 1960 that the opposite is true: value stocks outperform glamour stocks...
Format:Paperback
Language:English
ISBN:0857190806
ISBN13:9780857190802
Release Date:June 2012
Publisher:Harriman House
Length:214 Pages
Weight:0.95 lbs.
Dimensions:0.8" x 6.3" x 9.2"
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