报告一家为零即正常化收益long-term pe ratio长期市盈率.pdfVIP

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报告一家为零即正常化收益long-term pe ratio长期市盈率.pdf

Theprice-earningseffecthasbeenthoroughlyedandwidelystudiedaroundtheworld.

However,ithasalwaysbeencalculatedonthebasisofthepreviousyear’searnings.Weshowthat

thepoweroftheeffecthasuntilnowbeenseriouslyunderestimated,duetotakingtooshort-terma

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