问题如下图：
选项：
A. 
B. 
C. 
解释：
P/B为什么不行？万一earnings weaken导致EPS<0呢？
NO.PZ2018103102000055 问题如下 Jacques is concting analysis of H&M, a publicly traEuroperetail stributor of procts for home coration. The home coration is cyclical. Although sales anearnings H&M weakene same store sales are beginning to improve consumers unrtake more home improvement projects. Poor performing stores were close resulting in significant restructuring charges in 2017. Baseon the given information, the most appropriate valuation ratio for H&M is? Price-to-book (P/ratio Price-to-earnings (P/E) ratio using trailing earnings Price-to-earnings ratio using normalizeearnings C is correct.考点PE解析C是正确的。H M是周期性行业，使用标准化后的收益可以平滑其盈利周期性波动问题。 以及什么情况下需要用P/B ratio?要破产清算的时候吗？
NO.PZ2018103102000055 问题如下 Jacques is concting analysis of H&M, a publicly traEuroperetail stributor of procts for home coration. The home coration is cyclical. Although sales anearnings H&M weakene same store sales are beginning to improve consumers unrtake more home improvement projects. Poor performing stores were close resulting in significant restructuring charges in 2017. Baseon the given information, the most appropriate valuation ratio for H&M is? Price-to-book (P/ratio Price-to-earnings (P/E) ratio using trailing earnings Price-to-earnings ratio using normalizeearnings C is correct.考点PE解析C是正确的。H M是周期性行业，使用标准化后的收益可以平滑其盈利周期性波动问题。 normalizeearning怎么算啊
老师好 不是说在not going concern 的情况下 可以用P/为什么不能选P/谢谢。
想问一下题目说的是什么意思？英文没看太懂
