Sunday, March 05, 2006

教學篇

P/E = Price to Earnings Ratio 市盈率 (可以理解為回本期, 唔同行業有唔同的P/E)

P/B = Price to Book Ratio
市淨率 (溢價or折讓, 多數用係銀行/地產股的估值)

EPS = Earnings Per Shares
每盈利 (盈利有增張唔代表EPS一定有增張...)

NAV = Net Assets Value
資產淨值 (Assets 係包括負債的)

PEG = P/E to Growth Ratio
市盈増張率 (P/E加入增張的因素)

>1.0 代表未來的增張唔會降低P/E, <1.0 代表未來的增張會降低P/E
例如P/E 雖然高達50, 如果未來兩年都保持100%增張, PEG是0.5, 兩年後的預測P/E 其實係合理的是12.5

Market Value (市值) = Price(股價) x No. of Shares(股數)
Market Value != NAV

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