Inyoyo Mutsva Wekutsinhanisa Wekushandisa Kunzwisisa P / E Ratio
Panyaya imwecheteyo, sezvo iwe uchiverenga nyaya ino yekutanga uye uone kuti chikamu cheP / E chinobatsira sei, chengetedza mupfungwa iwe haungagoni kuvimba nguva dzose pamutengo-kune-kuwanikwa maitiro sekuti-yose-kuguma-yose yadhi kusarudza kana mari yekambani inodhura. Pane zvimwe zvikwereti zvakakosha, zvichida nekuda kwemitemo yekuverenga uye pamwe pamusana pekufungidzirwa kusina kururama kwakanyanya vashandi vanowedzera kunze kwemweya wakaonda kana vachifungidzira kuwedzera kwemazuva anotevera. Pasinei nokukanganisa uku, chinhu chimwe chaunofanira kuziva kuti ungatsanangura sei uye kuti ungaverenga sei nemoyo.
I P / E Ratio - Chii Chaicho uye Nei Vateresi Vatarisira
Usati washandisa kushandisa p / e chiyero mumari yako yekuita mari, unoda kunzwisisa kuti chii. Zvimwe chete, iyo p / e chiyero ndiyo mutengo mubhadhari ari kubhadhara $ 1 yemari yekambani kana purofiti. Mune mamwe mazwi, kana kambani ichitaura zvinyorwa kana kuti inoderedzwa mari yega yega ye $ 2 uye sengo iri kutengesa madhora makumi maviri nemazana maviri, mugove wep / e ndeye ($ 20 kubva muga wega wakapatsanurwa ne $ 2 mari yega pari = 10 p / e) .
Cherechedza kuti nokuda kwekuchengetedza, iwe unofanira kunge uchida nguva dzose kushandiswa mari inoshandiswa pamubhadharo paunenge uchiverenga chiyero cheP / E kuitira kuti iwe uenzanise kuwedzera kunogona kuitika kana kunotarisirwa kunogona kana kuitika nekuda kwezvinhu zvakadai sekugadziriswa kwezvitoro kana kushandiswa kushandiswa .
Izvi zvinonyanya kukosha nokuti, kana iwe ukavhara p / e chiyero kuburikidza nokuchitora icho chakaparadzaniswa ne1, unogona kuverenga mari yebhasi yekukohwa.
Izvi zvinogona kukubvumira kuti uenzanise zviri nyore nekudzoka kwauri kuwana mari kubva kune bhizimisi rekambani iri kune mamwe mazvikwereti akadai seMarikiti mabhizimusi, zvisungo, uye manotsi, zvivako zvekuisa uye mari yemari , nzvimbo yekutengesa, nezvimwewo. Chero bedzi iwe uchiita kushingaira kwako kwakakodzera, uchitsvaga zvinhu zvakadai sekukoshesa misungo , kutarisa zvose zvimedu zvako zvaunobata muhutoriko rako, uye yako yepodfolio yako yose, kuburikidza neiyi lens inogona kukubatsira kuti usadzimwa kubviswa mumabvu, manias , uye zvinotyisa. Zvinokumanikidza " kutarisa kuburikidza " mumusika wekutengeswa uye kuisa pfungwa pane izvo zviri pasi pehupfumi hwechokwadi.
Nhau huru kana iwe usina ruzivo nekutsvaga mari ndeyokuti nzvimbo dzakawanda dzemari uye nzvimbo dzekutsvaga yemusika dzekutsvaga dzichakurumidza kuenzanisa mutengo-ku-kuwanikwa kwehuwandu iwe. Kana uchinge uine nhamba yemashiripiti, inguva yaunotanga kushandisa simba racho. Iyo inogona kukubatsira kuti iwe uone kusiyana kwezvishoma-kupfuura-zvakakwana zvigadzirwa zviri kutengesa pamutengo mukuru nokuti ndiyo fad yakakurumbira pakati pevashandi vezvikwata, uye ikambani huru iyo ingangodaro isina kufarirwa uye inotengesa zvishoma zvayo zvinonyatsokosha.
Kutanga, iwe unofanirwa kunzwisisa kuti mafashoni akasiyana akasiyana-siyana p / e yezviyero zviyero izvo zvinoonekwa se "zvisizvo".
Semuenzaniso, makambanikoroti angatengesa pamwero wep-e wevhareji makumi maviri, asi vashandi vemavara vanogona kutengesa chete pahuwandu hwehuwandu hwep / e hwe 8. Pane zvisizvo, zvinhu zvose zvinofungidzirwa, kusiyana uku pakati pemakambani nemabhizimisi zvakagamuchirwa zvakakwana . Vanomuka, muchikamu, kubva pane zvakasiyana zvakatarisira kumabhizimisi akasiyana. Makambani eSofisi anowanzotengesa pamakwikwi makuru e / e nekuti ane zvikwereti zvakakura zvekukura uye anowana mari yakakwirira pamusoro pehutano , asi chiganda chemagetsi, zvichienderana nechinosvibisa mararamiro ezvishoma uye tarisiro shoma dzekukura, inogona kutengesa pane dzakawanda zvishoma. Nguva nenguva, mamiriro acho akaiswa pamusoro. Mukufambiswa kweKukuru Kudzoka kwe 2008-2009, teknolojia inoshandiswa kutengeserana pamitengo yakaderera-ku-kuwana mari kune dzimwe dzakawanda dzemabhizimisi, zvakadai sezvokudya zvevatengi, nekuti vatengesi vakatya.
Vaida kuva nemakambani akasika michina iyo vanhu vaizoenderera mberi kutenga iyo pasinei nemari yavo yakaoma; makambani akaita seMutter & Gamble, anoita zvinhu zvose kubva pakuchenesa sopo kusvika kune shampoo, Colgate-Palmolive, iyo inogadzira soppteti uye saga, Coca-Cola, PepsiCo, uye The Hershey Company. Icho chiri chirevo mumushambadzi wepasi rose wekutsvaga kwemari yemhuri yakapfuma iyo inofungidzira izvi manzwiro uye kutenderera zvakanyatsotevera: "Kana kuenda kwacho kuchiva kwakaoma, nhamo inotenga Nestle." (Zvichitaura nezveNestle, chiSwitzerland chinonzi giant ichocho ndecheimwe makambani makuru munyika yose uye ine shinda yemiti yakagadzira mabhiriyoni emabhiriyoni emadhora munyika inenge iri pose, zvisinei nokuti zvinhu zvinotyisa zvakadini.Kubva kofi, pasta, uye chikafu chechikafu kune ice cream, zvigadzirwa zvemhuka, uye mishonga yemakwenzi, zvinenge zvisingakwanisi kune mumwe munhu anowirirana neWestern Civilization kuenda gore risina zvimwe, nenzira imwe chete, zvakananga kana kuti zvisina kuratidza kuisa mari muhomwe yeNestle, inotsanangura chimwe chezvikonzero chimwe chezvikwereti zvakanyanya kubudirira kwenguva refu zviripo.)
Imwe nzira inogona kuziva kana imwe sarudzo kana yebhizimisi yakapedzerwa apo iyo yevhareji p / e chiyero chemakambani ose ari munharaunda iyo kana yebhizimusi inokwira kupfuura iyo yakawandisa yezvakaitika kare. Nhoroondo yekare, izvi zvakatsanangurira dambudziko. Takaona migumisiro yezvakawanda zvakadai-pamusoro pemitengo muhutano hwekombiyumu mushure me dot-com frenzy yekupera kwema1990 uye, gare gare, mumatanda emakambani akabatanidzwa kune zvivako . Vashandi vemari vainyatsonzwisisa chokwadi chekusarura kwakakwana kwaiziva kuti yakanga yava pedhi yemasvomhu isingakwanisi kuti zvikwereti zvive nokudzoka kunogutsa zvichienda mberi kusvikira kuwedzerwa kwepamusoro kwave kuchipiswa kana kuti mutengo wemashesi zvakanga zvadonha kuti vadzose zvakare maererano nezvinokosha. Varume vakaita seVanguard muchengeti John Bogle vakapinda kusvika pakutengesa vose asi chikamu chezvikwata zvavo, zvichiita kuti guta racho rive nehuwandu hwemari yekuwana mari yakadai sezvisungo. Mamiriro ezvinhu akadaro anowanzobuda mumakumi emakore mashomanana chete asi paanoita, nyatsofamba uye uone kuti unoziva zvauri kuita. Bhenjamini Graham aida mari yekugoverana mari yega yega kwemakore manomwe akapfuura kuti aenzanise nechepamusoro uye anorega muhupfumi nokuti, kana wakaedza kuyera p / e chiyero kunze kweiyo, unogona kuwana mamiriro ezvinhu apo purogiramu inowira yakawanda nokukurumidza pane zvingoro zvemaoko zvichiita kuti mutengo-ku-kuwanikwa mairiro unotaridzika zvakanyanya apo, chaizvoizvo, waiva wakaderera. Mufananidzo wakakwana unouya muna 2009 apo misika yemabhizimisi yakasara. Kutaura chokwadi, ini handizivi kuti mutyairi asina ruzivo anofanirwa kuisa hanya nazvo, panzvimbo yekusarudza kugadzirisa, kana formulaic, nzira.
Kushandisa P / E Ratio pakuenzanisa Makambani muSame Industry
Mukuwedzera kukubatsira kuti uone kuti mashizha nemakambani zvakakanikidzwa kana kuti zvisingabhadharwi, unogona kushandisa p / e chiyero chekuenzanisa nhamba yemakambani munzvimbo imwechete yehupfumi. Somuenzaniso, kana kambani ABC neXYZ vari vaviri vachitengesa madhora makumi mashanu nehafu, imwe inogona kunge ichidhura zvakanyanya kudarika imwe yacho zvichienderana nehuwandu hwehuwandu uye kukura kwehuwandu hwezvikamu zvega.
Company ABC inogona kunge yakabhadhara mari ye $ 10 mugove, asi kambani XYZ yakashuma mari yekuwana $ 20 mugove. Mumwe nomumwe ari kutengesa pamusika wekutengesa $ 50. Izvi zvinorevei? Company ABC ine mutengo-ku-kuwanikwa kwehuwandu hwe5, nepo Kambani XYZ ine chikwata che2,5. Izvi zvinoreva kambani XYZ inodhura zvikuru pane imwe nheyo. Kune chikamu chimwe chakatenga, mubhadhari ari kuwana $ 20 yemari inopesana nekupesana ne $ 10 muzviwanikwa kubva kuABC. Zvese zvese zvakaenzana, mutengesi ane njere anofanira kusarudza kutenga zvikamu zve XYZ. Nokuda kwemutengo chaiwo, $ 50, ari kuwana kaviri kuwana simba.
Zvinokonzerwa neP / E Ratio
Yeuka, nokuti chikwata chine mari shoma hazvirevi kuti unofanira kutenga icho. Vashandi vakawanda vanosarudza peG Ratio , pane kudaro, nokuti inowedzera mukukura kwekura. Kunyange zviri nani chikamu chinogadziriswa peG ratio nokuti inotora mutengo wekutengesa-ku-kubhadharwa chiyero uye ichichinja icho chiyero chekukura uye chikamu chekugoverwa kwezviyo.
Kana iwe uchiedzwa kuti utenge chikwama nokuti chikwata chep / e chinowanzoita sechinhu chakanaka, ita zvitsva zvako uye uone zvikonzero. Vatungamiri vanotendeseka here? Iro bhizinesi rinorasikirwa nevakakosha zvikuru? Inongova nyaya yekuregeredza, sekuitika nguva nenguva kunyange nemabhizimusi anofadza here? Iko kushaya simba mumatengo ematengo kana pasi pekushanda kwemari kunokonzerwa nemasimba munyika yose, mabhizimisi, kana hupfumi, kana kuti inokonzerwa nemashoko akaipa - akashata ? Iko kambani inopinda mune zvigumi zvekuguma kwekuderera here?
Kana ukangowana ruzivo rwakawanda, iwe uchanyatsoshandisa fomu yakashandurwa ye p / e chiyero chinoshandura chikamu che "e" (mari) kune imwe chiyero chekusununguka kwemari. Ndinosarudza chimwe chinhu chinonzi muridzi wamuri kuwana. Chaizvoizvo, ndinoshandisa, kugadziriswa kwenguva pfupi nyaya dzekugadzirisa, uye ndoedza kuongorora zvandiri kubhadhara iyo injini yepamusoro yezvemari maererano nematambudziko angu. Zvadaro, ndinogadzira chikwereti kubva pasi-up iyo isingori ine zvikamu zvega izvo zvaive zvakanaka asi, pamwe chete, zvinondibatsira kuderedza ngozi .