At present, the IYT: SPY price ratio demonstrates significant momentum for the transportation sector, as the 50 - day moving
average of the price ratio has climbed back above the 200 - day moving average.
Not exact matches
The forward
price / earnings
ratio of the top 25 %
of S&P 500 stocks by dividend yield is 17, vs. a 36 - year
average of 12, according to Ned Davis Research.
To return to the
ratio of the 1980s, the
average household income has to jump to $ 160,000, or home
prices have to fall back to $ 460,000.
Shiller's CAPE
ratio measures the stock
price divided by the
average of ten years
of earnings, adjusted for inflation.
According to Martin, all
of these things, plus an attractive
price - to - earnings
ratio of 16.7 times — the industry
average is 20.6 times, she writes — make CBS a buy.
And its current debt - to - Ebitda
ratio of 2.6, below the industry
average, suggests that it has more flexibility to withstand sustained low
prices than many
of its competitors.
Since 1980, tech companies have gone public with
average price - to - sales
ratios of 5.8, so by that measure valuations aren't out
of whack.
Indeed, airlines»
average price - to -2017-earnings
ratio remains more than 40 % below the S&P 500
average of 18, a sign
of investors» lack
of faith.
Over that past 20 years, the
price - to - earnings
ratio of the Nasdaq Biotechnology Index has
averaged 2.3 times the S&P 500 P / E
ratio; today, the current
ratio is mere 1.3 x, a 54 percent discount to its 20 - year
average (according to Thomson Reuters, as
of Sept. 26, 2017.)
The exact share exchange
ratio will be determined by looking at the volume - weighted
average stock
price of the companies over the last few months, one
of the sources added.
When the iFranchise Group compared the valuation
of the S&P 500 vs. the franchisors tracked in Franchise Times magazine in 2012, the
average price / earnings
ratio of franchise companies was 26.5, while the
average P / E
ratio of the S&P 500 was 16.7.
There is also opportunity abroad: Non-U.S. stocks with the highest dividend yields (
average price / earnings
ratio of 15.8) are cheaper than domestic counterparts (23.1), according to O'Shaughnessy Asset Management.
«We believe if JPM can successfully resolve its regulatory and legal headline risk in a timely manner, the stock could reverse its recent underperformance that has resulted in trading at a below - peer forward (
price to earnings
ratio)
of 8.8 times despite our expectations
of above -
average profitability in 2014,» Matthew Burnell, an analyst at Wells Fargo Securities, wrote in a research note Thursday following the fine.
The Shiller
price / earnings
ratio, which compares companies» share
prices with their inflation - adjusted 10 - year earnings
average, is at 31, well above the historical median
of 16 — a sign that future returns will be sluggish.
For the best results, a good analyst would most likely
average several years, perhaps as much as one full business cycle,
of cash flow statements to get an adjusted
price to cash flow
ratio that factored in the entire development cycle
of several drugs or products.
The exchange
ratio was set based on a 30 - day volume weighted
average price of Disney stock.
Benjamin Graham was fond
of averaging profit per share for the past seven years to balance out highs and lows in the economy because, if you attempted to measure the p / e
ratio without it, you'd get a situation where profits collapse a lot faster than stock
prices making the
price - to - earnings
ratio look obscenely high when, in fact, it was low.
Some European equity indices — Germany's DAX and France's CAC 40 — are at long - term
price - to - earnings
ratios of around 10 times, well below their historic
average.
Even industry competitors — like Ford, which trades at a
ratio of 6.6, and Toyota, which trades at 9.7 times — trade at higher multiples, and GM's
average price - earnings
ratio over the past five years is 12.2.
For instance, the
price - to - earnings
ratio of the stocks in the S&P 500 currently is 21.7 for the trailing 12 months, well above the historical
average of 15.5, according to research firm Birinyi Associates.
Equity markets have appreciated sharply in recent years, and valuations, based on
price - to - earnings
ratios, in developed markets were not cheap relative to their historical
averages as
of late 2017.
One important metric used is the
price - to - earnings
ratio, or, the current
price of the stock divided by the
average earnings per share (yearly revenue divided by the number
of outstanding shares).
The
average price - to - earnings
ratio of the S&P 500 Dividend Aristocrats ETF (NOBL) is 21.1 — higher than that
of the broader S&P 500 index.
The
average price - to - earnings
ratio for the companies inside ZUT is 23.4 times, with a
price - to - book
of about 1.93 times.
The P / E
ratio for an index is the weighted
average of the
price / earnings
ratios of the stocks in the index.
As
of the latest FDIC global capital index in mid-2017, the
price - to - book
ratio for the largest U.S. banks (the 8 designated as global systemically important banks, or G - SIBs)
averaged 1.28, up by 50 % since the end
of 2012.
If we take a look at the numbers another way, by
price to sales, the
average 2017 forward
ratio is around 5.95 with a standard deviation
of around 3.5.
Valuation
Price - to - Cash Flow: Price - to - cash - flow (P / C) ratio is the average price to cash flow ratio of the individual stocks within a
Price - to - Cash Flow:
Price - to - cash - flow (P / C) ratio is the average price to cash flow ratio of the individual stocks within a
Price - to - cash - flow (P / C)
ratio is the
average price to cash flow ratio of the individual stocks within a
price to cash flow
ratio of the individual stocks within a fund.
Moreover, if we look at periods when the economy was in an expansion, trend uniformity was negative, and the S&P
price / peak - earnings
ratio was above its historical
average of 14 (it's currently 21), the
average total return drops to a -8 % annualized rate.
US large - cap stocks returned more than 9 percent in the first half
of 2017, the most since 2013, and although
prices are close to all - time highs, analysts are
of the opinion that valuations are not very expensive for a majority
of these stocks, as stronger earnings upped the
price - to - earnings
ratio, which has generally remained above
average for quite a few years.
In that kind
of environment, I'd expect - lower - than
average price - to - earnings
ratios, too.
For each decile, we've subtracted the 1986 - 2016
average price / revenue
ratio for that decile, dividing the result by the standard deviation
of valuations in that decile (again from 1986 - 2016).
At my time
of purchase the
Price / Earnings (PE)
ratio was 16.75, below the 5 year
average of 18.18.
In VFC's case, that basic estimate is based on reference point
price - to - earnings
ratio (P / E)
of 15, which is the long - term
average P / E
of the stock market as a whole.
CAPE essentially refers to the
ratio of current
price to
average annualized earnings over the past decade.
The
Price / Earnings (P / E)
ratio is 19.07, below the 5 year
average of 23.72, and well below the Insurance industry's 5 year
average of 28.36.
Mr. Lefebvre sees a relationship between markets with a higher share
of foreign - born population and higher
ratio of average house
prices - to -
average disposable income.
Finally, Will Dunning, the chief economist at the Canadian Association
of Accredited Mortgage Professionals, set out to dismantle the oft - cited claim that the
price - to - rent
ratio in Canada is 88 per cent higher than its long - term
average.
For example, since 1950, the S&P 500 has enjoyed total returns
averaging 33.18 % annually during periods when the S&P 500
price / peak earnings
ratio was below 15 and both 3 - month T - bill yields and 10 - year Treasury yields were below their levels
of 6 months earlier.
The
price - earnings (P / E)
ratio for the S&P has stabilised at around 30, though it remains at a level well above its long - run
average of 14 (Graph 14).
The index's trailing
price - to - earnings (P / E)
ratio sits at around 12, significantly below the historical
average of 16.
The June quarter ABS capital expenditure (Capex) survey points to solid growth
of machinery and equipment investment in real terms in 2003/04, although in nominal terms, investment is expected to fall by 3 per cent (assuming a five - year
average realisation
ratio), reflecting lower
prices for investment goods.
A: Amazon (AMZN) is a company we have long admired, but only recently were we afforded an opportunity to purchase it at a lower
price - to - sales
ratio than the
average bricks and mortar store (defining sales as gross market value
of all items sold on its website).
Shiller, on the other hand, is more concerned about the stock market based on his valuation method, the cyclically adjusted
price - earnings (CAPE)
ratio, which is based on an
average of 10 years» worth
of earnings.
For some context, the
average price - to - earnings
ratio of stocks in the S&P 500 is 22, well ahead
of Apple's P / E
ratio.
The
Price / Earnings (P / E)
ratio is 12.2, slightly above the 5 year
average of 10.5, but well below the Insurance industry's 5 year
average of 20.8.
That compares with the
average price - to - earnings (P / E)
ratio for the S&P 500 in the post-war period
of about 16 times earnings.
The analysis also incorporates data from the National Center for Education Statistics on the racial / ethnic composition
of each school, the percentage
of students eligible for free or reduced -
price lunch (an indicator
of family poverty), the
average number
of students in each grade (a measure
of school size), and the school's pupil - teacher
ratio (an measure
of class size) in the 2007 - 08 school year.
CEP schools serve meals free to all students and are reimbursed by the USDA based on the Identified Student Percentage multiplied by 1.6, which is intended to reflect the
average ratio of the number
of Identified Students to the number
of students receiving free or reduced -
price school meals.
We can incorporate those
average prices into our calculation to arrive at the
ratio of traditionally - published e-book to print book unit sales for fiction and non-fiction: