Description
Book SynopsisThe price-earnings ratio, or P/E, is the most commonly quoted investment statistic, but have you ever considered what it actually means? This book offers a practical guide to how you can adjust and improve the price-earnings ratio and use it, alongside other financial ratios, to run against the crowd and boost your stock returns.
Table of ContentsAbout the Author Foreword by Werner De Bondt Preface Introduction Part I: The P/E Calculation 1. History of the P/E 2. Earnings 3. The Price-Earnings Ratio (P/E) 4. Practical Calculation of EPS and the P/E from Company Accounts Part II: The Value Premium and the P/E 5. Value Investing 6. Efficient Markets and the CAPM 7. Accepting Reality: The Fama and French 3-Factor Model 8. Value Investors Fight Back Part III: Improving the P/E 9. Developing the P/E 10. The PEG Ratio 11. The Long-Term P/E 12. Decomposing the P/E 13. A Cautionary Tale: the Naked P/E 14. Have we Rescued the P/E? Part IV: Beyond the P/E 15. Ben Graham: The P/E and the Margin of Safety 16. Joel Greenblatt: The P/E and Return on Capital 17. Joseph Piotroski: The P/E and the Fscore Conclusion Appendices FTSE 100 EPSs and P/Es Glossary References Index
