为什么计算peg

NO.PZ202207040100000305 问题如下 Using Exhibits 1 an2, the stothwoulthe best aition to Funis: A.AQU. B.BRW. C.CSY. SolutionC is correct. Funfollows the GARP (growth a reasonable price) strategy, whiseeks out companies with above-average growth thtra reasonable valuation multiples. Many investors who use GARP rely on the P/E-to-growth (PEG) ratio. AQU’s forwarP/E is 36 ÷ 3.70 = 9.73, anits PEG ratio is 9.73 ÷ 9.50 = 1.02.BRW’s forwarP/E is 28 ÷ 2.75 = 10.18, anits PEG is 10.18 ÷ 12.0 = 0.85.CSY’s forwarP/E is 19 ÷ 1.95 = 9.74, anits PEG is 9.74 ÷ 11.25 = 0.87. Although lower PEG ratios are preferreanBRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. Given CSY’s combination of above-average growth ana reasonable valuation multiple, it woulthe best aition to FunA is incorrect. AQU hthe highest PEG ratio; lower PEG ratios are preferreB is incorrect. Although BRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. PEG不是越低越好吗？那应该选第二个呀？为什么选第三个？

NO.PZ202207040100000305 问题如下 Using Exhibits 1 an2, the stothwoulthe best aition to Funis: A.AQU. B.BRW. C.CSY. SolutionC is correct. Funfollows the GARP (growth a reasonable price) strategy, whiseeks out companies with above-average growth thtra reasonable valuation multiples. Many investors who use GARP rely on the P/E-to-growth (PEG) ratio. AQU’s forwarP/E is 36 ÷ 3.70 = 9.73, anits PEG ratio is 9.73 ÷ 9.50 = 1.02.BRW’s forwarP/E is 28 ÷ 2.75 = 10.18, anits PEG is 10.18 ÷ 12.0 = 0.85.CSY’s forwarP/E is 19 ÷ 1.95 = 9.74, anits PEG is 9.74 ÷ 11.25 = 0.87. Although lower PEG ratios are preferreanBRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. Given CSY’s combination of above-average growth ana reasonable valuation multiple, it woulthe best aition to FunA is incorrect. AQU hthe highest PEG ratio; lower PEG ratios are preferreB is incorrect. Although BRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. 算出p/E之后，除以那个分母？给了好几个growth？好几个P/E

NO.PZ202207040100000305问题如下Using Exhibits 1 an2, the stothwoulthe best aition to Funis:A.AQU.B.BRW.C.CSY.SolutionC is correct. Funfollows the GARP (growth a reasonable price) strategy, whiseeks out companies with above-average growth thtra reasonable valuation multiples. Many investors who use GARP rely on the P/E-to-growth (PEG) ratio. AQU’s forwarP/E is 36 ÷ 3.70 = 9.73, anits PEG ratio is 9.73 ÷ 9.50 = 1.02.BRW’s forwarP/E is 28 ÷ 2.75 = 10.18, anits PEG is 10.18 ÷ 12.0 = 0.85.CSY’s forwarP/E is 19 ÷ 1.95 = 9.74, anits PEG is 9.74 ÷ 11.25 = 0.87. Although lower PEG ratios are preferreanBRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. Given CSY’s combination of above-average growth ana reasonable valuation multiple, it woulthe best aition to FunA is incorrect. AQU hthe highest PEG ratio; lower PEG ratios are preferreB is incorrect. Although BRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. 为什么要计算peg，按照fun的描述，只看growth，计算peg有什么意义

NO.PZ202207040100000305 问题如下 Grasmere Asset Management Case ScenarioMorgAbernathy, Nathaniel Granville, anGabriella Carlucare analysts Grasmere Asset Management (Grasmere), investment firm thoffers a versifiemix of actively manageequity anfixeincome investment fun. The firm follows the funmentapproach, using both bottom-up antop-wn investment management strategies. The analysts meet regularly to scuss investment ianrelatetopics.The meeting begins with a scussion of the funmentapproato active equity management strategies. The analysts make the following statements:The approais a subjective investment process thuses scretion in making cisions.The portfolio manager’s selections are baseon termining a security’s exposure to selectevariables thpreits return.The construction of a portfolio is generally ne using a portfolio optimizer, whicontrols risk the portfolio level.The analysts then review Exhibit 1, whiscribes a selection of the Grasmere equity fun.Exhibit 1 Grasmere Equity Fun The analysts ma the following points about the potentiinvestments thFunB might unrtake. The funshoulinteresteininvesting in the shares of a potentiacquirer, even in a consoliting instry;taking a control position in a stressecompany’s shares selling a ep scount to its intrinsic value; ansing its expertise to make long-term investments involving companies in reorganization. Grasmere’s larger fun have himpressive long-term recorcomparewith peers. In more recent times, however, the results have been lagging. Positions have become more concentratethin the past, anthe proportion of positions unrperforming their respective instries hincrease Carlucbelieves managers mhave become subjeto two biases: illusion of control anconfirmation bias. Carlucasks Abernathy whsteps he coulrecommento aress the effeof these biases. The fintopic involves a scussion of some high-profile companies threcently releasetheir full-yeearnings results. Exhibit 2 contains market ta anfinanciprojections on three of the stocks scusseGrasmere’s analysts. They are consiring aing one of these stocks to Fun Exhibit 2 Market ta anFinanciProjections of SelecteStocks Question Using Exhibits 1 an2, the stothwoulthe best aition to Funis: A.AQU. B.BRW. C.CSY. SolutionC is correct. Funfollows the GARP (growth a reasonable price) strategy, whiseeks out companies with above-average growth thtra reasonable valuation multiples. Many investors who use GARP rely on the P/E-to-growth (PEG) ratio. AQU’s forwarP/E is 36 ÷ 3.70 = 9.73, anits PEG ratio is 9.73 ÷ 9.50 = 1.02.BRW’s forwarP/E is 28 ÷ 2.75 = 10.18, anits PEG is 10.18 ÷ 12.0 = 0.85.CSY’s forwarP/E is 19 ÷ 1.95 = 9.74, anits PEG is 9.74 ÷ 11.25 = 0.87. Although lower PEG ratios are preferreanBRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. Given CSY’s combination of above-average growth ana reasonable valuation multiple, it woulthe best aition to FunA is incorrect. AQU hthe highest PEG ratio; lower PEG ratios are preferreB is incorrect. Although BRW ha slightly lower PEG ratio thCSY, BRW’s EPS growth forecast of 12.00% is below the sector long-term growth forecast of 14.00% whereCSY’s EPS growth forecast of 11.25% is above the sector long-term growth forecast of 10.00%. 为什么计算PEG的时候，G去除了%来计算？