NO.PZ201512300100001103
问题如下:
3. Which valuation approach would be most appropriate in valuing shares of You Fix It?
选项:
A. Approach 1
B. Approach 2
C. Approach 3
解释:
C is correct.
You Fix It is in the cyclical home improvement industry. The use of normalized earnings should address the problem of cyclicality in You Fix It earnings by estimating the level of earnings per share that the company could achieve currently under mid-cyclical conditions.
题目说公司最近表现很差啊,那E不就有可能为0或者负么,这样子PE指标就不能用了啊