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苏·Xu · 2024年07月19日

NO.PZ2023080903000039

问题如下:

An investment analyst is observing the current valuation of the Indian SENSEX 50 stock index, which is trading with a forward price-to-earnings ratio of 15. The index is projected to have a dividend payout ratio of 40 percent for the upcoming year, and investors require a return of 8.25 percent. Given the analyst's estimation that the SENSEX 50's dividends will increase consistently at a rate of 5.20 percent in the future, which of the following conclusions is accurate?

选项:

A.

The SENSEX 50 is likely overpriced.

B.

The SENSEX 50 is likely underpriced.

C.

The SENSEX 50 is likely fairly priced.

解释:

15=0.4/(0.0825-g) g=0.0558>0.052

比较p/e ratio不行吗,算出来是13.11, 和15比较呢?

1 个答案
已采纳答案

品职助教_七七 · 2024年07月21日

嗨,努力学习的PZer你好:


可以的。根据“analyst's estimation”的合理的forward PE值为13.11,低于了目前市场上的forward PE值(...is trading with a forward price-to-earnings ratio of 15)。

PE为相对价格。这就说明市场上现在的价格高于了合理的值,即价格高估。

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