P/E Ratio (Price-to-Earnings)

The Price-to-Earnings (P/E) ratio is a relative valuation metric that compares a company's current share price to its earnings per share. It indicates how much investors are willing to pay per dollar of earnings.

Formel

Beispiel

A stock trading at $150 with EPS of $6 has a P/E ratio of 25x. This means investors are paying $25 for every $1 of earnings. The S&P 500 historical average P/E is approximately 15-17x.

Warum es wichtig ist

P/E is the most commonly used stock valuation metric due to its simplicity. However, it has significant limitations: it ignores debt levels, capital expenditures, and growth rates. DCF analysis provides a more comprehensive stock valuation.

Wie MiniValuator P/E Ratio (Price-to-Earnings) verwendet

MiniValuator runs a P/E-based valuation alongside its DCF, not just as context. For some industries the multiple fits better than a cash-flow model: health insurers, for instance, are judged on a forward P/E because that is how the market actually prices them. Our comparison page explains when each method fits.

In der Praxis

• Wie das KGV-Modell den fairen Wert ermittelt
• Analyse des fairen Werts im Sektor Financial Services
• Analyse des fairen Werts im Sektor Energy

Verwandte Begriffe

• Earnings Per Share (EPS) — Earnings Per Share (EPS) is a company's net income divided by its weighted average number of outstan...
• Intrinsic Value — Intrinsic value is the estimated true worth of an asset based on its fundamental economic characteri...
• Enterprise Value (EV) — Enterprise Value (EV) represents the total value of a company to all capital providers (equity holde...

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