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kevinzhu · 2021年12月09日

The forward P/E for Centralino is €50/€6.00 = 8.3

* 问题详情,请 查看题干

NO.PZ201612170200000305

问题如下:

5. Based on Exhibit 1 and using the harmonic mean of the peer group forward P/Es shown in Exhibit 3 as a valuation indicator, the common shares of Centralino are:

选项:

A.

undervalued.

B.

fairly valued.

C.

overvalued.

解释:

C is correct. The harmonic mean is calculated as follows:

xH=ni=1n(1xi)=5(15.9)+(18.3)+(13.0)+(115.0)+(14.6)=5.5x_H=\frac n{\displaystyle\sum_{i=1}^n{(\frac1{x_i})}}=\frac5{{(\frac1{5.9})}+{(\frac1{8.3})}+{(\frac1{3.0})}+{(\frac1{15.0})}+{(\frac1{4.6})}}=5.5

The forward P/E for Centralino is €50/€6.00 = 8.3. Because Centralino’s forward P/E is higher than the harmonic mean of the peer group, the shares of Centralino appear relatively overvalued.

The forward P/E for Centralino is €50/€6.00 = 8.3

这里的€6.00找不到?

1 个答案
已采纳答案

王园圆_品职助教 · 2021年12月09日

嗨,从没放弃的小努力你好:


同学你好,这里的€6.00在Exhibit1 里面,2015(E)对应的earnings per share 就是哦~~

同学要注意,既然peer group都是给的forward looking的PE,那Centralina的earnings就也应该找预计的而非当下的值。题目中唯一提供该信息的,就只有表1的表格中咯~~

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虽然现在很辛苦,但努力过的感觉真的很好,加油!