Browsing by Subject "P/ERatios"
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Time Series Behavior of the Market P/E Ratio: Earnings, Mean Reversion and Forecasting
We analyze periods characterized by high P/E ratios, using measures of the market P/E ratio based on both 1-year trailing earnings (the P/EI) and 10-year smoothed earnings (the P/E10). We find that high P/E periods are ...