NO.PZ201612170200000305
问题如下:
5. Based on Exhibit 1 and using the harmonic mean of the peer group forward P/Es shown in Exhibit 3 as a valuation indicator, the common shares of Centralino are:
选项:
A.undervalued.
B.fairly valued.
C.overvalued.
解释:
C is correct. The harmonic mean is calculated as follows:
The forward P/E for Centralino is €50/€6.00 = 8.3. Because Centralino’s forward P/E is higher than the harmonic mean of the peer group, the shares of Centralino appear relatively overvalued.
我计算的5/(0.17+0.12+0.33+0.667+0.22),为什么算不出5.5