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在日前一个峰会上,与基金经理谈及股票定价及后市看好的股票时,一位基金经理在席上拿出计算器计算股票每股收益、行业平均PE,并由此推断股票目前是否高估或低估。看罢不禁令人谔然。其实这种分析涉及到APT定价理论在投资实务中的应用。许多投资人根据市盈率的判断,简单地认为那
At a recent summit, when talking to the fund manager about stock pricing and the market’s bullish stock, a fund manager took a calculator out of his office to calculate the stock’s earnings per share, the industry average PE, and then deduced whether stocks are overvalued Or underestimated. Can not help but take it for granted. In fact, this analysis involves the APT pricing theory in investment practice. Many investors based on the price-earnings ratio of the judge, simply think that