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市盈率又称权益比,它等于股票市价除以每股税后利润,亦即股票市价是每股税后利润的多少倍。很显然,股票市价以及每股税后利润的变动都会引起市盈率的变动。股票市价是投资者购股的成本,而每股税后利润,不管是否马上分配,由于其权益属于投资者,因此,市盈率的财务意义就是投资者获得一个单位的收益需要投入多少个单位的本金。也可以这样来理解市盈率:如果上市公司的每股税后利润不变,并且不
Price-earnings ratio, also known as equity ratio, which is equal to the stock market price divided by the profit after-tax per share, that is, the stock market price is how much profit per share after-tax. Clearly, changes in the stock market price and earnings per share after tax will all cause changes in the price-to-earnings ratio. The stock market price is the cost of an investor's share purchase. The profit after tax per share, irrespective of whether it is distributed immediately or not, belongs to the investor. Therefore, the financial implication of price-earnings ratio is how much of the unit income should be invested by an investor gold. You can also understand the price-earnings ratio: If the listed company's after-tax profit per share does not change, and not