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erin_hi1990 · 2023年07月09日

请问risk to justify its high PE这句话怎么翻译?

NO.PZ2023032701000077

问题如下:

Zhang observes that Lane Foods must have both a higher-than-average growth rate and risk to justify its high P/E and that perhaps they should consider looking at Lane as a potential investment at their next meeting.

Zhang’s observation about Lane Foods’ high P/E is best described as:

选项:

A.

correct

B.

incorrect with respect to the growth rate

C.

incorrect with respect to the risk

解释:

The observation about Lane’s P/E is incorrect with respect to risk. Companies with higher-than-average risk (operating or financial) have lower P/Es, not higher ones. She is correct with respect to the growth rate. Companies with higher-growth rates have higher P/Es.

A is incorrect. The observation is incorrect with respect to the risk. Companies with higher-risk (operating or financial) have lower P/Es, not higher ones. She is correct with respect to the growth rate. Companies with higher-than-average growth rates have higher P/Es.

B is incorrect. She is correct with respect to the growth rate. Companies with higher-growth rates have higher P/Es.

发现自己做错是因为没看懂题目的意思,这句话应该怎么理解?

1 个答案

王园圆_品职助教 · 2023年07月09日

同学你好,这句完整的话是“ Lane Foods must have both a higher-than-average growth rate and risk to justify its high P/E”——意思是LF这家公司必须同时有一个高的增长率和高的风险才能证明它的P/E值偏高是合理的,而不是它估值太高了

同学回忆一下PEG ratio就是上面这句话的体现,一般的P/E没有体现公司的增长率,如果一个高增长的公司(g很大),那哪怕它的P/E本身偏高,但是PEG ratio计算出来,可能还没有另一个P/E偏小,但增长率很差的公司的PEG ratio高,那就说明这个公司还是没有被高估的,还是可以投资的

但是risk较高的公司,本身能够给到投资者的回报就更不稳定,那投资者就更不愿意投资这类公司,那公司Price就应该更低,公司的P/E理论上就应该更低而不是更高——这里和题目说的就相违背了

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NO.PZ2023032701000077 问题如下 Zhang observes thLane Foo must have both a higher-than-average growth rate anrisk to justify its high P/E anthperhaps they shoulconsir looking Lane a potentiinvestment their next meeting.Zhang’s observation about Lane Foo’ high P/E is best scribeas: A.corre B.incorrewith respeto the growth rate C.incorrewith respeto the risk The observation about Lane’s P/E is incorrewith respeto risk. Companies with higher-than-average risk (operating or financial) have lower P/Es, not higher ones. She is correwith respeto the growth rate. Companies with higher-growth rates have higher P/Es.A is incorrect. The observation is incorrewith respeto the risk. Companies with higher-risk (operating or financial) have lower P/Es, not higher ones. She is correwith respeto the growth rate. Companies with higher-than-average growth rates have higher P/Es.B is incorrect. She is correwith respeto the growth rate. Companies with higher-growth rates have higher P/Es. 老师请看一下我的理解哪里有误题目 会有高于平均的growth rate和risk才能为什么Lane的P/E ratio很高,并且是个好的投资。我的理解P/E ratio高 不是一个好投资的唯一标准,如果是P/E 高,然后g也很大,那么因为PEG ratio会相对低一些,比g小的公司 , 所以是好的投资所以包括growth rate在内,risk也是对P/E 的影响是相对而不是绝对的,所以无法比较?谢谢老师

2024-08-13 01:50 1 · 回答

NO.PZ2023032701000077 问题如下 Zhang observes thLane Foo must have both a higher-than-average growth rate anrisk to justify its high P/E anthperhaps they shoulconsir looking Lane a potentiinvestment their next meeting.Zhang’s observation about Lane Foo’ high P/E is best scribeas: A.corre B.incorrewith respeto the growth rate C.incorrewith respeto the risk The observation about Lane’s P/E is incorrewith respeto risk. Companies with higher-than-average risk (operating or financial) have lower P/Es, not higher ones. She is correwith respeto the growth rate. Companies with higher-growth rates have higher P/Es.A is incorrect. The observation is incorrewith respeto the risk. Companies with higher-risk (operating or financial) have lower P/Es, not higher ones. She is correwith respeto the growth rate. Companies with higher-than-average growth rates have higher P/Es.B is incorrect. She is correwith respeto the growth rate. Companies with higher-growth rates have higher P/Es. https://class.pzacamy.com/qa/130121之前本题的一个回答“但增长率很差的公司的PEG ratio高,那就说明这个公司还是没有被高估的,还是可以投资的”。PEG不应该是越低越好吗?说明公司g很大,所以应该投资PEG小的公司,而被炒作的股票P/E也很高,但是因为g很小所以PEG也很大,所以不应该投资PEG大的公司。所以不太明白老师这里说的可以投资高PEG的公司

2024-06-11 13:51 1 · 回答