Nei Vateresi Vaifanira Kutarisa P / E Ratios muChetext
Nzira Yokuenzanisa Nhamba
Nzira inonyanya kuzivikanwa yekuyera kukoshesa inotengeswa-mubayiro wehuwandu , kana kuti P / E chiyero, iyo inomiririra yakawandisa yemari iyo inowanikwa mubhadharo kuti ave nemugove. Semuenzaniso, chiyero che20x P / E chinoreva kuti vashandi vanobhadhara kanomwe kambani yemari yegore negore. Pamberi P / E ratios dzinofunga nezvekuwana mari inotarisirwa kukura pamusoro pemwedzi 12 inotevera, zvinoreva kuti inowanzove yakaderera pane yeP / E chikwata chemakambani anokura.
Aya P / E ratios anofanirwa kuongororwa muchirevo. Chiyero che 100x P / E chinogona kuoneka chakakwirira, asi kana kambani ichikwirirana nemari inowanikwa gore negore, inogona kunge yakajeka. Kune rumwe rutivi, kambani ine nhamba ye 5x P / E inogona kuonekwa isina mari, asi kana iyo mibairo iri kukurumidza kukurumidza, zvingasava yakadaro. Sangano reP / E rekambani rinogonawo kuchinja zvichienderana nekunze kwezvinhu, sezvibereko zvezvibereko, uye vatengesi vanozvipira kubhadhara zvakawanda kuti vave nehuwandu huzhinji.
Paanoongorora nyika yose, vatengesi vemarudzi akawanda vanowanzoona purogiramu yekuenzanisa yehuwandu hweP / E chiyero. Muenzaniso mukuru unenge uri kutarisa chikwata cheS & P 500 cheP / E kuti uone kana mari yeUnited States ichiwedzerwa kupfuura kana isingakoshi. Nhamba yeP / E yakagadziriswa-yakashandurwa, kana kuti CAPE chiyero , inowanzoshandiswa mumatambudziko aya sezvo inotarisa kuwedzera kwekutengesa .
Kunyange zvazvo ichi chiri chimiro muUnited States, inogona kuva nemigumisiro yakawanda mumakambani anotarisa anotarisana nehuwandu hunoenderana nehuwandu hwekutengesa.
Chii chinonzi Driving Performance
Mutengo-mibairo yehuwandu inogona kubatsira kana uchitarisa matanho, asi haazoti nyaya yose uye inofanirwa kuonekwa mumamiriro ezvinhu. Zvechokwadi, hapana kuwirirana pakati pehuwandu hwepasi rose yeP / E purogiramu uye iyo inodzoka mugore rinotevera. Kukoshesa kunogona kuva pamusoro pevhareji mune mamwe makore, asi izvozvo hazvirevi kuti kururamiswa kwava pedo. Vashandi vanogadzirisa zvisarudzo zvavo zvakakwana pahuwandu hwavo vanogona kurasikirwa pamakona makuru emombe.
Nyika dzakawanda dzinogara dzichiwedzera-kana dzisingabatsiri dzichibva pane P / E ratios. Semuenzaniso, United States inotanga kuraira yepamusoro P / E ratios kupfuura vazhinji vanobuda mumisika pasinei nekukura kwayo kuwedzera. Chikonzero ndechokuti vashandi vanoda kubhadhara mubayiro wekukura nekusimbiswa kwemusika weUS. Mune mamwe mazwi, kudzokera-kuchinjwa kwemajairo kungave kwakafanana zvakafanana kana tichienzanisa nhamba dzepamusoro dzeUnited States nepamusoro-panjodzi dzinotengesa misika.
Mutengo-kuwana mari yakagadziriswa inogonawo kugadziriswa kana kuregererwa zvichienderana nemitemo yemari . Mukufamba kwematambudziko emari muna 2008, nyika dzakawanda dzakabudirira dzakaderedza chido chavo chekuda kusvika kune zero ndokuunza zvirongwa zvekufambisa zvishoma.
Aya matanho asinganzwisisiki anoita kuti vashandi vekutsvaga vave nehutano, izvo zvakaita kuti kuve nekudyidzana kwezvinhu zvisingabatsiri. Uku kusaenzana kwaizoita kuti pave nepamusoro peP / E ratios achifunga kuti mari yaibhadhara yakaramba yakafanana.
Nzira Yokuongorora Nheyo Dzekumwe Nyika
Kune zvikamu zviviri zvinokosha zvekutora vatengesi vemunyika yose kana zvichisvika pakatarisa kunze kwemari-kuwana mari dzinosvika pakukoshesa misika yemarudzi ose.
Chinokosha zvikuru kutora ndicho kukosha kwekusiyana-siyana . Kubatana kwehutano pakati penyika huru kwakawira kumadzinza avo ekuderera mumakumi emakore, sekutanga kwegore ra2018, zvichiita kuti zvive nguva yakakura yekusiyanisa chikamu chekugadzirisa mari yepasi rose. Kana zviyero kune imwe chikamu chenyika zvakanyanyisa, kusiyanisa kunobatsira kuve nechokwadi kuti kuderedzwa kwepasi kune dzimwe nzvimbo dzenyika kunobatsira kubvisa chero njodzi dzingangodaro uye kunyange kunze kwehuwandu hwehuwandu hwehuwandu hwehupfumi kwenguva yakareba.
Chipiri chekutora ndechekutarisa mamiriro ekutevera P / E ratios. Kana nyika yenyika yeP / E kana yeCAPE ichioneka yakakwirira, vatengi vanofanira kutarisa mitsva yekuwedzera nekuwana mitemo yemari inenge iripo kuiisa mumamiriro ezvinhu. Kana kuyerwa kuri kuoneka kwakadzika, vatengesi vangave vachida kutarisa zvakafanana maitiro mumatongerwo emari uye zvimwe zvikonzero zvingave zvichiita kuti zvive zvishoma. Maitiro ezvematongerwe enyika kana ehupfumi zvikonzero zvakare zvakakosha kufunga.
Mutengo-kuwana mari yakaenzana inzira yakanaka yekuongorora kukoshesa kwekambani pamunhu mumwechete, apo kushandiswa kwemabhizimisi kunowanikwa zviri nyore uye kuenzaniswa kwekunze hakuna kukwana, asi ivo vashoma vanofanotaura kana vachitarisa kunyika dzakasiyana. Muzviitiko izvi, vatengesi vanofanira kunge vane chirevo.