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. |
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