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The Essential P/E
Keith Anderson
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Description for The Essential P/E
Paperback. The price-earnings ratio, or P/E, is the most commonly quoted investment statistic, but have you ever considered what it actually means? This book offers a practical guide to how you can adjust and improve the price-earnings ratio and use it, alongside other financial ratios, to run against the crowd and boost your stock returns. Series: Harriman Finance Essentials. Num Pages: 214 pages, black & white illustrations. BIC Classification: KFFM2. Category: (G) General (US: Trade). Dimension: 232 x 159 x 16. Weight in Grams: 320.
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 consistently over decades. A company with a low P/E may have been marked down for no readily apparent reason and thus could represent an attractive value investment for ... Read more
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 consistently over decades. A company with a low P/E may have been marked down for no readily apparent reason and thus could represent an attractive value investment for ... Read more
Product Details
Publisher
Harriman House Publishing
Number of pages
216
Format
Paperback
Publication date
2012
Series
Harriman Finance Essentials
Condition
New
Number of Pages
214
Place of Publication
Petersfield, United Kingdom
ISBN
9780857190802
SKU
V9780857190802
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-50
About Keith Anderson
After completing his BSc in Mathematical Statistics and Operational Research at Exeter, Keith Anderson worked for some years as a systems developer, most recently at Deutsche Bank in Frankfurt. He then did an MSc in Investment Analysis at Stirling, where he won the Morley Prize as the top academically in his year. For his PhD at the ICMA Centre, Reading ... Read more
Reviews for The Essential P/E
This book offers essential scientific reassurance, as well as practical tools, to triumph over misconceptions and behavioral errors that distort stock market prices. I recommend it to readers with great enthusiasm.
Werner De Bondt, DePaul University
Werner De Bondt, DePaul University