Chirongwa chepakati yeP / E, EPS, uye Retail Valuation
Pakupedzisira, chinangwa chenyu chinofanira kunge chiri kutenga mabhuku nenzira imwecheteyo iwe waizoda mishonga yekugeza; inotora huwandu hwekutsvakurudza uye kutsvaga zvakanakisisa zvemari yako.
Kunyange zvazvo izvo zvingasava zvinonakidza, kukoshesa kuisa mari kwakaratidzwa kuva yakakosha. Kunyange zvazvo kune nzira dzakawanda dzekukoshesa sengo, zvishomanana zvishandiso zvekushandisa zviri pasi rose. Nhasi, tichabata pane imwe yehutengo yehuwandu hwepasi rose, iyo P / E chiyero, uyewo kuti zvakakosha zvakadini kutenga mari yekutsvaga mari.
Kunzwisisa EPS uye P / E
Zvinosuruvarisa, "kukoshesa" chikwata hachisi kungodhura mari yakadhura yakawanda yaunogona kuwana. A $ 2 mari inogona kuva, uye kazhinji inodhura, inodhura kupfuura mari ye $ 200. Kuti unzwisise nei, iwe unofanira kutanga uchinzwisisa kuti chii chaunowana pamutsara wega (EPS).
Nhengo imwe neimwe igove mugove, kana kuti chikamu chaicho, mune bhizinesi chaiyo. Iko mugove iwoyo unokupa iwe, inhomba duku yebhizinesi rebhizimisi kana "yekuwana." Nokuparadzanisa makambani nemari inowanikwa, nehuwandu hwezvikamu zvayo, tinosvika paEPS yayo.
Iye zvino, kambani yacho haisi kunyora iko cheki cheko iyo yose yega yega yega, kunyange iwe ungawana chikamu nenzira yebhadharo rekuparadzanisa , mari yayo yega yega inomiririra kudururwa kwezvikwereti, zvekugoverana kwako iwe pachako.
Chimwe chinhu chinokosha chokuyeuka ndechekuti yepamusoro EPS haireve kureva mari yepamusoro, chikwata chingangodaro chine mikana shomanana inowanikwa. Heino muenzaniso: Kana Mutengesi "X" ane $ 1B mugore rose mari, uye nhau dzeBB 1, gore rayo reEPS richava $ 1 / share. Kana Mutengesi "Z" anewo $ 1B mumutengo wegore negore asi mari ine 2B inowanikwa, EPS yayo yegore negore ichava $ 0.50 / share.
Makomborero-per-share ndiyo inonyanya kukosha mukugadzirisa kukosha kweshamba. Kana tikazvibatanidza nematombo ekuenzanisa, akadai seanozivikanwa "P / E," tinonzwisisa kuti sei $ 2 mari inogona kunge isingasviki mushure mezvose.
Mutengo-kusvika-mibairo inowanzozivikanwa se "multiple," "P / E," kana kuti "mutengo-kune-kuwanikwa akawanda," ndiyo inoshandiswa zvikuru yekushandiswa kwezvikwata. Zvichinyatsojeka, iyo purogiramu yeP / E inowanzochengetwa pamakambani anowanikwa mari iyo inotsanangura izvo vashandi vanoda kubhadhara kune iyo mibairo. Nepo mashizha "P / E" anowanzooneswa pedyo neikiti chayo kune dzimwe nzvimbo se Yahoo! Mari kana Motley Fool, iwe unogonawo kuverenga iwe pachako nyore, nekuparadzanisa zvikwata zvekutengesa mutengo neEPS yayo.
Semuenzaniso, kana Mutengo Wakawanda Wokutenga Watsva uri $ 80, uye EPS (TTM) ye $ 8, iyo purogiramu yeP / E ndeyegumi; 80, yakaparadzana ne8, ndiyo 10. Pasi P / E, zvishoma iwe uri kubhadhara mabhizimusi mari. Asi, kunyange zvakadaro, imwe pasi P / E haisi nguva dzose inoreva kushandiswa kwezvitoro zvezvitoro.
Kukanganisa kweP / E neRetail Stocks
IP / E inokosha, kunyange zvakadaro, zvishoma, chiyero chekuenzanisa kana zvasvika pakutengesa zvigadzirwa. Kutanga, inowanzoita P / E inotora zvakasimba kutevera mwedzi gumi nembiri yekuwana (TTM), asi haifungi nezvemangwana.
Sezvo kutengesa kuri kuramba kuri kuchinja, nevatengesi vanowira mukati mekunzwisisika nokukurumidza, kuchitisa kukosha kwezvakaitika gore rapera kunogona kuoma. RadioShack, somuenzaniso, akachinja purogiramu munguva pfupi yapfuura sa2012 asi nokukurumidza kuchinja kugadzirwa kwevatengi kwave kuchiita kuti ipinde mubhengi. Saka kana zvasvika pakutengesa, zvinoitika zvino zvinotevera zvakakosha sezvakaitika pakupedzisira.
Chechipiri, chikwata chekutengesa chinogonawo kuva neEPS risingakoshi nekuda kwechiitiko chimwechete kana nguva. Izvi zvingagona nokuti yakabudisa chigadzirwa chakakonzerwa, chakavhara boka rezvimbo, kana kuti yakagamuchira nguva imwe chete inofadza kutonga mutero. Zvose izvi zvinokonzera kuti sengo iite sedzimba dzisina mari nenzira yeP / E asi, apo mari inotevera yegore rakakundikana kuenzanisa, P / E ichakurumidzira.
Nhoroondo, P median P / E yeS & P dzose dzekutengesa inenge yakapoteredza 14, asi mabhizimisi ekutengesa vanowanzotengeserana pakuwanda kwepamusoro.
Zvikonzero zvinoita kuti P / E yepamusoro yekutengesa zvigadziriswe zvingadhura kupfuura yepasi P / E inofanirwa nekuita zvakakosha. Muhurukuro inotevera yenyaya dzino, tichakurukura kuti kukura kunoita sei muP / E uye kuti nei zvimwe zvishandiso zvinowanzodiwa zvisingashandisi zvekutengesa zvinhu.