What is the difference between dynamic P E ratio and static P E ratio, static P E ratio and dynamic

1. Dynamic P/E ratio: Dynamic P/E ratio (PE) refers to the P/E ratio of the ** profit of the next year that has not yet been realized. It is equal to the ratio of the current price to the future earnings per share, for example, the dynamic P/E ratio for the next year is the current price divided by the earnings per share of the following year, and the dynamic P/E ratio for the next year is the current price divided by the earnings per share of the following year.

2. Static P/E ratio: The static P/E ratio is the widely discussed P/E ratio in the market, that is, the ratio of the current market ** divided by the known recently disclosed earnings per share. The so-called price-earnings ratio is an important indicator that reflects the best returns and risks, also known as the market-price profitability ratio.

It is a reflection of how many years it will take for a company to recoup its costs at its current level of profitability, which is generally considered to be a reasonable range of 10-20.

1.The widely spoken P/E ratio is usually a static P/E ratio, which is the ratio of the current market** divided by the most recently known publicly available earnings per share. However, as we all know, the earnings disclosure of listed companies in China is still semi-annual at present, and the annual reports are published 2 to 3 months after the end of the disclosed business time period.

This has brought many blind spots and misunderstandings to investors' decision-making.

2.The dynamic P/E ratio is calculated based on the static P/E ratio multiplied by the dynamic coefficient, which is 1 (1 i)n, i is the growth ratio of the company's earnings per share, and n is the duration of the company's sustainable development. For example, the current stock price of a listed company is 20 yuan, earnings per share is 0 38 yuan, earnings per share in the same period last year is 0 28 yuan, growth is 35, that is, i 35, the company will maintain the growth rate of the time can last for 5 years, that is, n 5, then the dynamic coefficient is 1 (1 35) 5 22.

Correspondingly, the dynamic P/E ratio is 11 6 times i.e.: 52 (static P/E ratio: 20 yuan 0 38 yuan 52) 22 .

Compared with the two, the difference is so big that I believe that ordinary investors will be surprised and suddenly realize. The theory of dynamic P/E ratio tells us a simple and profound truth, that is, we must choose companies with sustainable growth when investing. Therefore, it is not difficult to understand why asset restructuring has become the eternal theme of the market, and some companies with poor performance have become market dark horses with the support of substantial restructuring themes.

1 Price to earnings ratio (PE). This is the "P/E ratio" indicator used by countries around the world, and it is the most popular and common analytical tool for investors.

There are two ways to calculate the P/E ratio:

1) Divide the current share price by the earnings per share for the most recent calendar year. For example, if the most recent calendar year is 2006, the current P/E ratio is equal to the current share price divided by 2006 earnings per share.

2) Take the current share price divided by the most recent quarterly rolling annual earnings per share. For example, for the period from the second quarter of 2006 (April 1, 2006) to the first quarter of 2007 (March 31, 2007), which is the most recent rolling quarter, the "P/E ratio" can be calculated differently from the "P/E" calculated by using the earnings per share generated for the 12 months as the denominator.

2 P/E growth ratio (PEG ratio). This may be the "dynamic P/E ratio" that Chinese people misunderstand. In fact, it is not a "dynamic P/E ratio" at all, it represents the P/E ratio multiple for every percentage point increase in earnings per share for the next year, and its calculation formula is as follows:

PEG Ratio P/E ratio (100 annual growth rate per share).

The PEG ratio was invented in the 1960s by Jim Slater, a well-known British investment expert, who used it as one of the main criteria for judging his investments. The concept of PEG ratio was created to compensate for the lack of P/E ratios, and investment experts compare PEG ratios to find overvalued or undervalued ones**. When the PEG ratio is less than 1, the ** value is undervalued and has investment value; On the contrary, when the PEG ratio is greater than 1, the ** value is overvalued and has no investment value; This ** valuation is considered appropriate only if the PEG ratio is close to 1.

However, due to the fact that the "annual growth rate per share of **" in the formula is extremely uncertain, different investment experts may have very different annual growth rates per share of the same ****, therefore, in foreign countries, the PEG ratio is generally not publicly calculated or published, it is generally calculated by investment experts separately, and as an internal, self-investment reference.

In other words, the price-to-earnings ratio (i.e., the "static price-earnings ratio" spoken by Chinese investors) is still the only common language used in the international investment market. For example, the price-to-earnings ratios calculated and published by the Hong Kong Stock Exchange and the United States** are the only way to do this.

Xiaobaixue**23What is a dynamic P/E ratio and a static P/E ratio.

The difference between the static BAI P/E ratio and the dynamic P/E ratio DU: the static P/E ratio is the ratio of the current DAO market ** divided by the known and recently public version of the earnings per share right, TA is calculated based on the company's current and published financial results, so it represents the current quality and stock price valuation of the listed company's dynamic P/E ratio is the ratio of the current market ** divided by the next earnings per share of the current market, and TA is calculated according to the company's performance growth rate and growth expectations. Therefore, it represents the future ** texture and stock price valuation of the listed company, static P/E ratio = stock price, earnings per share, dynamic P/E ratio = static P/E ratio (1 + annual compound growth rate) to the nth power.

1.The algorithm is different, static P/E ratio = stock price current earnings per share, dynamic P/E ratio = static P/E ratio (1 + annual compound growth rate) to the nth power.

2.The time of the compound annual growth rate of the denominator is different, among which, the compound annual growth rate represents the comprehensive growth level of listed companies, which needs to be evaluated with a mixture of various indicators; n is the number of years that the listed company can maintain this average compound growth rate, and the general institution ** is calculated in 3 years.

3.The dynamic P/E ratio is much smaller than the static P/E ratio and represents a dynamic change in performance growth or development. If the news is comprehensive, the dynamic P/E ratio can be calculated to unilaterally judge whether a listed company is undervalued.

Further information] Price-earnings ratio (PE or PER), also known as "price-to-earnings ratio", "price-to-earnings ratio" or "price-to-earnings ratio (P/E ratio)". The P/E ratio is the ratio of **** divided by earnings per share (earnings per share, EPS). or the market capitalisation of the company divided by the annual profit attributable to shareholders.

When calculating, the stock price is usually based on the latest ** price, and in terms of EPS, if it is calculated according to the published EPS of the previous year, it is called the historical P/E ratio. The EPS estimates used to calculate the estimated P/E ratio are generally based on the consensus estimates, which are the average or median estimates obtained by the institutions that track the company's performance by collecting the ** of multiple analysts. There is no set criterion for what constitutes a reasonable P/E ratio.

The price-to-earnings ratio is the ratio of some price per share to earnings per share. The P/E ratio is widely talked about in the market, and usually refers to the static P/E ratio, which is usually used as an indicator to compare whether different ** are overvalued or undervalued. When using the price-to-earnings ratio to gauge the quality of a company**, it's not always accurate.

It is generally believed that if a company's P/E ratio is too high, then it has a bubble and is overvalued. When a company is growing rapidly and its future performance growth is very promising, when using the P/E ratio to compare the investment value of different **, these ** must belong to the same industry, because the company's earnings per share are relatively close at this time, and it is effective to compare them with each other.

On the one hand, investors often do not believe that the earnings figures calculated in strict accordance with accounting standards truly reflect the profitability of the company on the basis of continuing operations, so analysts often adjust the company's officially announced net profit on their own.

There are three ways to calculate the P/E ratio – 1) static; 2) dynamic; 3）**。These three P/E ratios are subject to change from moment to moment.

The first step is to remember the basic formula for calculating the P/E ratio: P/E ratio (PE) = stock price (PRISE) Earnings per share (EPS), which is where PE comes from.

The second step, how to distinguish between static, dynamic, and ** P/E ratios?

In the basic formula, the stock price (prise) changes dynamically at any time, of course, you can also choose the stock price at a certain point in time to calculate. Such as yesterday's **price, last month's **price, etc. In the "earnings per share" of the denominator, if you choose the earnings per share of the previous fiscal year, it is the static P/E ratio, which has already been achieved.

The earnings per share in the dynamic P/E ratio is usually the net profit and total equity of the listed company for the first 12 months, which can be complicated, but the general analysis software will have calculated it. We usually look at the P/E ratio, and the dynamic P/E ratio is a bit more.

1. The price-to-earnings ratio is the ratio of the current stock price to earnings per share.

2. There are two types of price-earnings ratios: static and dynamic

1. The price-earnings ratio is static, which is the ratio of the previous year's earnings to the stock price per share. The P/E ratio can only tell us about past profitability; 2. The price-earnings ratio is dynamic, which is the ratio of the current year's earnings to the stock price per share.

In the current year's planned income, in the mid-quarter and semi-annual reports, the annual income is generally restored in a weighted way. For example, the quarterly report is expected to be 4 times the annual income, and the semi-annual report is 2 times the expected annual income.

3. The price-earnings ratio can more truly reflect the profit development potential of the enterprise, so it is often used as one of the main indicators of investment.

4. The P/E ratio is a profit indicator, and if the previous year's operating losses are lost, it is impossible to generate a P/E ratio. Therefore, you can see that a lot of ** negative profits and price-earnings ratio columns are blank, which shows that this is the reason.

These can be slowly comprehended, and it is best for investors to have some preliminary understanding before entering. In the early stage, you can use a treasure simulation to see, there are some basic knowledge materials worth learning, and you can also establish your own set of mature knowledge and experience through the above relevant knowledge. I hope it can help you, and I wish you a happy investment!

Static P/E ratio.

is the market** divided by the most recent known earnings per share.

The ratio is well known in the market. The so-called price-to-earnings ratio is an important index that reflects the return and risk, also known as the market yield. It reflects how many years it will take to recoup costs at the current level of profitability.

This value is generally considered to be in a reasonable range between 10 and 20. The P/E ratio, also known as the P/E ratio, refers to the market per vote.

Divide by EPS. It is often used as an indicator of whether a product is cheap or expensive. This price-to-earnings ratio pegges a company's share price to its ability to create wealth. Earnings per share is generally based on the company's net profit for the most recent year.

Calculation, excluding the net value of the total number of issued and **. A low P/E ratio means that investors can buy at a relatively low price. The extended data P/E ratio is the ratio of earnings per market to earnings per share.

The P/E ratio is widely discussed and usually refers to the static P/E ratio. It is often used as an indicator to compare whether different ** are overvalued or undervalued. The P/E ratio is not always an accurate measure of a company's quality.

If a company's P/E ratio is too high, it is widely believed that the stock is a bubble and that it is overvalued. When a company is growing rapidly and its future performance is very promising, it is effective to use P/E ratios to compare the investment values of different**. These ** must belong to the same industry because the company's earnings per share are close to the time of this position.

Generally, the P/E ratio indicates how many years it takes for a company to accumulate profits to reach its current market**. Therefore, the lower the P/E index value, the better the effect. **The more obvious the period, the shorter the risk, and the higher the general investment value; The higher the multiple, the longer the current period and the higher the risk.

In the 100 years from 1891 to 1991, the U.S. P/E ratio was typically between 10 and 20 times, while the Japanese P/E ratio was usually between 60 and 70 times. China**.

In the past, the P/E ratio was 1,000 times, but now the P/E ratio is mostly around 20 to 30 times. It should be noted that the observation of the P/E ratio cannot be absolute, and conclusions can be drawn using only one indicator. Because last year's after-tax profit price-earnings ratio could not reflect the current operating conditions of listed companies; For example, many listed companies publicly apologized to shareholders for the year's high profits**; In addition, countries at different stages of market development have different evaluation criteria.

Therefore, the P/E ratio index, like the ** table, only provides the first real data. For investors, what they need is to give full play to their wisdom, constantly research innovative analytical methods, and combine fundamental analysis with technical analysis to make correct and timely decisions.