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过儿 · 2022年04月18日

这题

NO.PZ2015122802000178

问题如下:

An analyst gathers the following information about similar companies in the banking sector:

Which of the companies is most likely to be undervalued?

选项:

A.

First Bank.

B.

Prime Bank.

C.

Pioneer Trust.

解释:

C is correct.

Relative to the others, Pioneer Trust has the lowest P/E multiple and the P/B multiple is tied for the lowest with Prime Bank. Given the law of one price, similar companies should trade at similar P/B and P/E levels. Thus, based on the information presented, Pioneer is most likely to be undervalued.

考点:Price Multiple Approach

处在相同行业的三家可比公司即规模、行业、发展情况差不多的三家公司,根据一价定律他们的交易价格应该相似,通过相对估值法我们看到pionner的PE\PB都是最低的,说明他的价格被低估了。

这题我先看PB,B和C一样,在B和C里选,然后看PE,选C,这样对吗

类似的题,PB,PE从谁先开始没差别,都一样,对吗

1 个答案

王园圆_品职助教 · 2022年04月18日

嗨,从没放弃的小努力你好:


同学你好,你的理解是正确的,看PBPE的顺序是不重要的。无论什么顺序看,都不影响答案

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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