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发表于 2011-6-20 11:18 PM
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本帖最后由 ctcld 于 2011-6-21 00:19 编辑
回复 cdmawcl 的帖子
The real P/E for the S&P 500 is based on "as reported" or GAAP earnings
(calculated using Generally Accepted Accounting Principles), and it is the
standard for historical earnings comparisons. The normal range for the GAAP
P/E ratio is between 10 (undervalued) to 20 (overvalued).
Market cheerleaders invariably use "pro forma" or "operating earnings,"
which exclude some expenses and are deceptively optimistic. They are
useless and should be ignored.
The following are the most recently reported and projected twelve-month
trailing (TMT) earnings, quarterly earnings, and price/earnings ratios (P/Es)
according to Standard and Poors.
Est Est Est Est
2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4
TMT P/E Ratio (GAAP).......: 16.40 15.60 14.70 13.80 13.30
TMT P/E Ratio (Operating)..: 15.20 14.60 14.10 13.60 13.00
http://www.decisionpoint.com/tac/Swenlin.html
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