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Luhunlu · 2023年02月02日

老师，如果D公司的PEG和平均值不相等的话

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

NO.PZ201512300100001106

问题如下：

6. Based upon the information in Exhibits 1 and 2, Cannan would most likely conclude that Delite’s shares are:

选项：

A.

overvalued.

B.

undervalued.

C.

fairly valued.

解释：

C is correct.

The P/E-to-growth (PEG) ratio is calculated by dividing a stock’s P/E by the expected earnings growth rate, expressed as a percent. To calculate Delite’s PEG ratio, first calculate the P/E ratio: $65.50/$3.50 = 18.71. In this case, the forward earnings should be used given the recent acquisition of the water bottling company. Next, calculate Delite’s PEG ratio: 18.71/12.41 = 1.51.

Comparing Delite’s PEG ratio of 1.51 to the PEG ratio of 1.74 (16.59/9.52) for Fresh Iced Tea, 1.31 (15.64/11.94) for Nonutter Soda, and to the beverage sector average of 1.52 (16.40/10.80), it appears that Delite’s shares are fairly valued. This is determined by the fact that Delite’s PEG ratio is in the middle of the range of PEG ratios and very close to the sector average. Therefore, the shares appear to be fairly valued.

如果该公司的PEG小于平均值的话，结果是undervalue对吗？是根据price来判断吗？

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王园圆_品职助教 · 2023年02月03日

嗨，爱思考的PZer你好：


同学你好，是的，如果PEG小于平均值的话，公司就是undervalue的

原理是同样的公司，如果P/E值类似，但是一个公司的增长率特别高，那该公司的PEG值就会显著的低。

意味着虽然市场对该公司的earnings的定价都是一样的（由于P/E和其他公司一样），但是该公司的增长率比其他公司高，市场其实就应该给这个公司更高的定价才对。所以可以得出结论，该公司的市场定价就偏低，就是undervalue

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𝒜𝒩𝒥𝒜 安雅🎃 · 2023年02月06日

Delite公司的PEG ratio是1.508，行业平均PEG ratio是1.518，两个数字是挺接近，但不完全一样，这样也算fairly valued？差距得多大才算不是fairly valued？

王园圆_品职助教 · 2023年02月07日

嗨，爱思考的PZer你好：


同学你好，像CFA惯例的考题的话，两个数字如此接近一般是可以直接判断为fair value的

如果是像题目这样考察ratio等一般保留两位小数的题目，至少两个数字之间在小数点后的第一位有差别，才能说两者有显著不同

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NO.PZ201512300100001106问题如下6. Baseupon the information in Exhibits 1 an2, Cannwoulmost likely conclu thlite’s shares are:A.overvalueB.unrvalueC.fairly valueC is correct.The P/E-to-growth (PEG) ratio is calculateving a stock’s P/E the expecteearnings growth rate, expressea percent. To calculate lite’s PEG ratio, first calculate the P/E ratio: $65.50/$3.50 = 18.71. In this case, the forwarearnings shoulusegiven the recent acquisition of the water bottling company. Next, calculate lite’s PEG ratio: 18.71/12.41 = 1.51. Comparing lite’s PEG ratio of 1.51 to the PEG ratio of 1.74 (16.59/9.52) for Fresh IceTe1.31 (15.64/11.94) for Nonutter So, anto the beverage sector average of 1.52 (16.40/10.80), it appears thlite’s shares are fairly value This is terminethe fathlite’s PEG ratio is in the mile of the range of PEG ratios anvery close to the sector average. Therefore, the shares appeto fairly value考试的时候会经常弄一些不常见的指标也不说计算方法让我们自己猜怎么算吗？

2024-10-02 18:31 1 · 回答

NO.PZ201512300100001106 问题如下 6. Baseupon the information in Exhibits 1 an2, Cannwoulmost likely conclu thlite’s shares are: A.overvalue B.unrvalue C.fairly value C is correct.The P/E-to-growth (PEG) ratio is calculateving a stock’s P/E the expecteearnings growth rate, expressea percent. To calculate lite’s PEG ratio, first calculate the P/E ratio: $65.50/$3.50 = 18.71. In this case, the forwarearnings shoulusegiven the recent acquisition of the water bottling company. Next, calculate lite’s PEG ratio: 18.71/12.41 = 1.51. Comparing lite’s PEG ratio of 1.51 to the PEG ratio of 1.74 (16.59/9.52) for Fresh IceTe1.31 (15.64/11.94) for Nonutter So, anto the beverage sector average of 1.52 (16.40/10.80), it appears thlite’s shares are fairly value This is terminethe fathlite’s PEG ratio is in the mile of the range of PEG ratios anvery close to the sector average. Therefore, the shares appeto fairly value 答案中“very close to the sector average.” sector average 就是 (1.74+1.31+1.52 )/3=1.523 对吧？

2024-04-25 02:29 1 · 回答

NO.PZ201512300100001106问题如下6. Baseupon the information in Exhibits 1 an2, Cannwoulmost likely conclu thlite’s shares are:A.overvalueB.unrvalueC.fairly valueC is correct.The P/E-to-growth (PEG) ratio is calculateving a stock’s P/E the expecteearnings growth rate, expressea percent. To calculate lite’s PEG ratio, first calculate the P/E ratio: $65.50/$3.50 = 18.71. In this case, the forwarearnings shoulusegiven the recent acquisition of the water bottling company. Next, calculate lite’s PEG ratio: 18.71/12.41 = 1.51. Comparing lite’s PEG ratio of 1.51 to the PEG ratio of 1.74 (16.59/9.52) for Fresh IceTe1.31 (15.64/11.94) for Nonutter So, anto the beverage sector average of 1.52 (16.40/10.80), it appears thlite’s shares are fairly value This is terminethe fathlite’s PEG ratio is in the mile of the range of PEG ratios anvery close to the sector average. Therefore, the shares appeto fairly value如题！！！！了！！！！！！！！，！

2023-04-01 22:23 1 · 回答

NO.PZ201512300100001106 老师,这道题的题干哪些说了要用PEG来比较呢?

2022-02-08 05:21 1 · 回答