Pehea ka PEG, P / S, ka P / E, a me ka mahele pūʻulu P / B me nā mea kūʻai
Ke kuhi nei i ka ulu
ʻOiai ka maikaʻi o ka P / E, e haʻi wale mai ana ia i ka maikaʻi o ka waiwai o nā waiwai i ka makahiki o ka makahiki i hala.
Ma ka kūʻaiʻana, i pili i nā loli hou o ka poʻe kūʻai, hikiʻole i nā hualoaʻa o ka makahiki hope ke haʻi nui iā mākou. ʻO kahi o nā pane kūpono i kēia pilikia,ʻo ia ka hoʻonui i ka uluʻana i ka hoohalike.
ʻO ka māmā loa o ka hanaʻana pēlā ma o ka "Kiʻi P / E,"ʻo ia hoʻi he P / E e hoʻohana ana i nā kālā i manaʻoʻia i nā mahina he 12 e hiki mai ana (ma mua o ka loaʻa kālā o ka makahiki i hala aku nei). ʻO ka hapanui o nā pūnaewele mālama kālā e hōʻoki i ka P / E ma mua o kaʻaoʻao kiko'ī; ua heluʻia ma ka māheleʻana i ke kumukūʻai o kāna kumu kūʻai ma o kāna mau EPS manaʻoʻia.
ʻO kekahi kumuhana waiwai waiwai kaulana iʻikeʻia nā kumu o ka uluʻana ma ke kaʻina kūʻai o ka waiwai ma kahi o ka hopena. ʻO ka PEG i hoʻolahaʻia e ka mea hoʻolale waiwai nuiʻo Peter Lynch , nā hopena o ka nui o ka uluʻana o ka waiwai. ʻO ka helu maʻamauʻia ma ka puʻunaueʻana i ka māhele P / E o kāna waiwai ma o ka uluʻana o ka uluʻana, ma ka makahiki e hiki mai ana (ʻoiai he manawa e hoʻohanaʻia ai he hanalima makahiki).
Me ka PEG, hiki i kahi mea kūʻai nui P / E ke kūʻai aku ma mua o ka mea liʻiliʻi.
Inā he kūʻai kahi P / E o 20, me kahi he 20% o ka uluʻana, e loaʻa iā ia he PEG o 1.ʻO kahi kūʻai'ē aʻe i kahi P / E o 10, me ka piʻiʻana he 5%, e loaʻa iā ia kekahi PEG o 2. No laila, eʻoi aku ka maikaʻi o ke kumukūʻai me ka haʻahaʻa haʻahaʻa P / E (10).
ʻOiaiʻo ka PEG a me ka hopohopo P / E nā mea nui i ka uluʻana, ua pilikia lāuaʻelua.
Kūlana lākou a pau i ka manaʻo o kaʻike loiloi i nā uku a me nā lola e ulu nei i kēia wā,ʻaʻohe pinepine a piha i nā hewa e pili ana i ka hana i hala. No laila, e hoʻohana ia mau mea i mea alakaʻi,ʻaʻole palekana, a noʻonoʻo i nā hua e ulu ana ma keʻano āpau,ʻaʻole i ka mea hōʻoiaʻiʻo.
ʻO ka lālā P / S
ʻO kekahi o ka papahana hoʻohālike o ka hoʻohālikeʻana,ʻo ia ka uku kūʻai i ka Ratio Sales, aiʻole ka lākiō P / S. ʻO ka P / S, e like me ka P / E,ʻaʻoleʻike i ka loiloiʻana, akā he mea pono loa ia no nā mea kūʻai kūʻai. ʻO ka lālā P / S ke kumu waiwai o nā kumukūʻai ma muli o ka loaʻa o nā hōʻai'ē luna aʻaʻole loaʻa kālā. No ka loaʻaʻana o kekahi poʻe P / S, e puʻunaue i ke kumukūʻai o kona kumukuai ma o ke kūʻaiʻana ma luna o ka halaʻana i nā mahina heʻumikumamālua (TTM). E like me ka nui o nā mea waiwai waiwai,ʻo ka lalo ka helu,ʻo ia ka maikaʻi.
ʻO nā mea hoʻolaha o ka P / S me keʻano o ka hoʻokaʻawaleʻana i nā kālā, hiki ke loli ma muli o ka uku hoʻokahi a ua maʻalahi ka maʻalahi ma mua o ka kūʻai. Eʻoi aku ka maikaʻi o ka lālā P / S ma kahi kūʻaiʻoi aku ma mua o nā mahele'ē aʻe, akā no nā kumukūʻai ulu kūʻai.
E nānā aku i Amazon.com. Ua mōhai nui ka mea kūʻai aku i nā mea i loaʻa i nā makahiki i hala aku nei, ma ka hōʻinoʻana i kāna kumukūʻai e hoʻoikaika nui ana i kānaʻoihana, eʻaihue i ka māhele o ka māhele mai nā mea likeʻole.
Aia ka Amazon ma keʻano ulu, no laila, e hoʻokaʻawale ana i ka mahele ma ka māhele ma nā kālā. Ma muli o kēiaʻano, uaʻoi aku ka maikaʻi o Amazon ma o ka P / E ma mua o kona P / S.
ʻO ka mea i nalowale?
ʻO kahi mea hana waiwai waiwai i hoʻokaheʻia mai kēia papahana, he kumu waiwai. ʻO ka waiwai nui o nā puke, i kaulanaʻo Ben Graham, ka makuakāne waiwai waiwai,ʻo ia ka waiwai o nāʻoihanaʻoihana. ʻO ka mahele maikaʻi loa o ka Price to Book, e hoʻokaʻawale ana i ke kumukūʻai waiwai ma kāna kumukūʻai. E like me ka P / E, ka PEG, a me ka P / S,ʻo ka lalo ka helu,ʻo ia ka maikaʻi.
Aka, ka waiwai o ka helu a me ka ratio P / B he mau palena no ke kuai ana i na mea kuai, no na kumu he nui.
- ʻAʻole nā kono kūʻai a pau e lawe i nā waiwai kūikawā, e like me nā hīnaʻi a me ka waiwai. ʻOiai paha uaʻoi aku ka waiwai o kēia mau "waiwai" ma mua o nā waiwai iʻikeʻoleʻia ma ka pepa palekana, he kaumaha nui lākou. No ka mea, ua hiki iā Netflix ke hoʻokuʻu i ka Blockbuster no ka meaʻaʻole i loaʻa nā kumu waiwai o nā "waiwai"ʻo Blockbuster. ʻO nā hale kūʻai, e like me ka mea i hoʻololiʻia, he waiwai i hoʻoliloʻia e like me ka waiwai. I ka hopena o ka hopena, uaʻoi aku ka nani o ka Blockbuster ma kahi palapala ma muli o Netflix.
- ʻO kekahi mauʻoihana kūʻaiʻoi aku e like me Nike e hoʻokau i kā lākou waiwai i kā lākou moli. ʻAʻole i hoʻokomoʻia kahi mana nui i loko o ka waihona waiwai puke, a he paʻakikī ka waiwai nui, akāʻoi aku ka waiwai o Nike i ka waiwai o nā waiwai waiwai.
Me ka noʻonoʻo paha, hiki paha iāʻoe ke hoʻokuʻu i ka helu puke ma kāu hoʻopilikinoʻana i nā kumukūʻai. ʻO nā meahana'ē aʻe a mākou i kūkā ai, he mau'āpana o ka puʻupuʻu hoʻoholo waiwai nui; ʻaʻohe o lākou e pololei loa, a hiki paha iāʻoe ke hoʻopau i ka hoʻohanaʻana i nā mea a pau, a iʻole nā meaʻoihana koʻikoʻi paha, ma kāu hōʻuluʻulu. ʻO ka hoʻolālāʻana, e like me nā mea a pau e hoʻolimalimaʻia ana, he like like me kaʻoihana a me kaʻepekema E kuhikuhi ana nā kumuhana iāʻoe ma ke ala pololei, akā,ʻo ka hopena, ponoʻoe e kāhea i ka inoa (aʻaʻoleʻole) he kumukūʻai kūpono no kahi kumukūʻai.