This ratio is calculated by dividing the current Price by the sum of the Diluted Earnings Per Share from continuing operations BEFORE Extraordinary Items and Accounting Changes for the latest annual period. (investors.lb.com)
It's interesting to note that since the inception of the Barclays Aggregate Index, the two have never declined during the same annual period. (awealthofcommonsense.com)
This myopic view of a single annual period completely misses the point of long - term investing and it's the reason most people fail when implementing a portfolio strategy. (awealthofcommonsense.com)