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.
我看了下之前的解答,协会在PE这些乘数的比较时是不严格精确比较的是吧?就差不多就算是一样的,是这意思吗?