1.5.6 Price to earnings
The price-to-earnings (P/E) ratio of asset ' aria-hidden='true'%3e %3cuse xlink:href='%23E1-STIXWEBNORMALI-1D456' x='156' y='-50'%3e%3c/use%3e %3c/g%3e %3c/svg%3e)
is defined as ' aria-hidden='true'%3e %3cg transform='translate(167%2c0)'%3e %3cg transform='translate(-11%2c0)'%3e %3cg transform='translate(0%2c-2)'%3e %3cuse xlink:href='%23E1-MJMAIN-50'%3e%3c/use%3e %3cuse xlink:href='%23E1-MJMAIN-2F' x='681' y='0'%3e%3c/use%3e %3cuse xlink:href='%23E1-MJMAIN-45' x='1182' y='0'%3e%3c/use%3e %3cuse transform='scale(0.707)' xlink:href='%23E1-MJMATHI-69' x='2635' y='-405'%3e%3c/use%3e %3cuse xlink:href='%23E1-MJMAIN-3D' x='2485' y='0'%3e%3c/use%3e %3cg transform='translate(3264%2c0)'%3e %3cg transform='translate(397%2c0)'%3e %3crect stroke='none' width='911' height='60' x='0' y='220'%3e%3c/rect%3e %3cg transform='translate(93%2c587)'%3e %3cuse transform='scale(0.707)' xlink:href='%23E1-MJMATHI-50' x='0' y='0'%3e%3c/use%3e %3cuse transform='scale(0.574)' xlink:href='%23E1-MJMATHI-69' x='791' y='-238'%3e%3c/use%3e %3c/g%3e %3cg transform='translate(60%2c-427)'%3e %3cuse transform='scale(0.707)' xlink:href='%23E1-MJMATHI-45' x='0' y='0'%3e%3c/use%3e %3cuse transform='scale(0.574)' xlink:href='%23E1-MJMATHI-69' x='909' y='-238'%3e%3c/use%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/svg%3e)
where:
' aria-hidden='true'%3e %3cg transform='translate(167%2c0)'%3e %3cg transform='translate(-11%2c0)'%3e %3cg transform='translate(0%2c-50)'%3e %3cuse xlink:href='%23E1-MJMATHI-50' x='0' y='0'%3e%3c/use%3e %3cuse transform='scale(0.707)' xlink:href='%23E1-MJMATHI-69' x='908' y='-213'%3e%3c/use%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/svg%3e)
is the estimated fair value of asset .' aria-hidden='true'%3e %3cg transform='translate(167%2c0)'%3e %3cg transform='translate(-11%2c0)'%3e %3cg transform='translate(0%2c-50)'%3e %3cuse xlink:href='%23E1-MJMAINI-45' x='0' y='0'%3e%3c/use%3e %3cuse transform='scale(0.707)' xlink:href='%23E1-MJMATHI-69' x='959' y='-213'%3e%3c/use%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/g%3e %3c/svg%3e)
is the 5-year trailing average earnings of asset .
The price-to-earnings (P/E) ratio of asset is defined as
where:
is the estimated fair value of asset . is the 5-year trailing average earnings of asset .