Dimensions
156 x 234 x 11mm
The PE is the most commonly quoted investment statistic, but
how many of us stop to think what it actually means? For
most people it's a shorthand way of deciding how highly the
market regards a company. Investors are prepared to pay many
times as much for every penny of earnings from a high-PE
'glamour' stock as for a low-PE 'value' stock. However,
academics have known since 1960 that the opposite is true:
value stocks outperform glamour stocks consistently over
decades. This book is your gateway into the latest debates,
showing how you can use financial ratios to boost your stock
returns and run against the crowd. Understanding the
scaffolding of accountancy, financial analysis and
psychology that underpins the PE is both fascinating and
profitable.
