问题如下:
1. Based on Exhibit 1, the trailing P/E for Centralino as of 1 January 2015, ignoring any business-cycle influence, is closest to:
选项:
A.8.3.
B.8.9.
C.9.9.
解释:
B is correct. The trailing P/E ratio is calculated as follows: Stock’s current price/Most recent four quarters’ EPS €50/€5.64 = 8.9
“历史平均法计算EPS(优点在于平滑经济周期对于earning的影响),然而这道题让我们忽略经济周期的影响”
是不是本来应该是 average ROE=ROE平均值*BVPS(2014),由于不用考虑周期,相当于ROE平均=1?是这个意思吗,所以用2014 年的5.64