search query: @indexterm price earnings ratios / total: 45
reference: 8 / 45
| Author: | Fleischer, K. |
| Title: | Die Untauglichkeit des KGV zur Prognose von Aktienkursveränderungen |
| Journal: | Zeitschrift für Betriebswirtschaft
1999 : VOL. 69:1, p. 71-82 |
| Index terms: | SHARE PRICES PRICE EARNINGS RATIOS |
| Language: | ger |
| Abstract: | The PER (Price earning ratio) is thought to be an important indicator for the development of share prices. Shares having a low PER are regarded as underrated and, hence, are recommended to buy, because increasing prices are expected. Correspondingly, shares with a high PER are considered expensive and should be sold. In this paper it is shown that these expectations can not be confirmed for real data. |
SCIMA