NO.PZ201612170200000401
问题如下：
1. Based on Pinho’s directive and the data from the last four quarters presented in Exhibit 1, the valuation metric that Silveira should use is the:
选项：
A.price-to-earnings ratio (P/E).
B.production-to-demand ratio (P/D).
C.earnings-to-price ratio (E/P).
解释：
C is correct. The E/P based on trailing earnings would offer the most meaningful ranking of the shares. Using E/P places Gesticular’s negative EPS in the numerator rather than the denominator, leading to a more meaningful ranking
选项A所得的P/E分别是18.17x、24.72x和-2643.2x；而选项C所得的E/P分别为5.5%、4.04%和-0.037%。
（PE为负值，不是直接不看了吗？）
所以本题的意思是按照E/P排序，从最好到最差，依次是 公司A>公司E>公司G。可以这么理解吗？谢谢！
