jeffrey roachPhD, Chief Economist, LPL Financial
Marc ZabickiCFA, Chief Investment Officer and Research Director, LPL Financial
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The PE ratio (price to earnings ratio) is a measure of the price paid for a stock relative to the annual net income or profit earned by the company per share. This is a financial ratio used for valuation: a higher PE ratio means that investors pay more for each unit of net income, so the stock is more expensive compared to one with a PE ratio inferior.
Earnings per share (EPS) is the portion of a company’s earnings allocated to each share of common stock outstanding. EPS serves as an indicator of a company’s profitability. Earnings per share is generally considered the most important variable in determining the price of a stock. It is also a major element used to calculate the price/earnings valuation ratio.
All index data from FactSet.
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