Article1960

Price-Earnings Ratios

127 citations0/0 files storedFinancial Analysts Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Markets and Investment Strategies Financial Analysis and Corporate Governance Financial Reporting and Valuation Research

Abstract

WITHIN THREE TO TEN YEARS, will the better price performance be in common stocks, with the current price earnings multiples of over 25 times, or in those under 12 times? Answers to this question as posed to sophisticated Financial Analysts and business men, in the past year, have been nearly ten-to-one in favor of the high multiples. It is assumed they are bought for growth, and the low multiples only for income. The results of certain studies, covering data for past years, would indicate a contrary conclusion; i.e., that on the average the purchase of stocks with low priceearnings multiples will result in greater appreciation in addition to the higher income provided.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 127 citations exist upstream.

Cited by

2000Investor Overreaction: Evidence That Its Basis Is Psychological 1995Chapter 17 On the predictability of common stock returns: World-wide evidence 1986The CAPM and Equity Return Regularities 2006Decomposing the price-earnings ratio 2006The Long‐Term Price‐Earnings Ratio 1994World wide security market regularities 2019Stock Investment and Excess Returns: A Critical Review in the Light of the Efficient Market Hypothesis 2006Long-Term Returns on the Original S&P 500 Companies

Imported from OpenAlex (CC0) — nothing here is generated.