저자: 미상 · 외국인
요약 보기
주가 자체보다 기업의 이익(수익)이 투자에서 더 중요하다고 주장. P/E는 주당 1원 이익을 얻기 위해 지불하는 가격으로 설명하며, 높은 P/E 자체는 경고가 아니고 이익 성장이 뒷받침될 때 정당화된다고 함. PEG(P/E÷예상 이익성장률) 1 전후를 공정가치 기준으로 제시하고, 1 미만이면 저평가로 봄. 작은 성장률 차이도 장기 복리로 큰 차이를 만든다는 예시 제시. 특정 종목·자산에 대한 가격 방향 예측 발언은 없음.
다듬은 글
What do you think is the most important value to you when buying shares of a company on the stock market ? You thought it was the market value of a stock, but as world- renowned investor Pete Linge says, there is only one value that is more important than the price of a share, than the charts, than the market, and all other things.
That's how a company makes money. Otherwise, some people might find the earrings surprising. But if you watch this video until the end, you will know what the four are . In this video, we talk about company earnings and the ratio that everyone talks about in relation to it, called the conversion rate.
Let's find out how to use these to become a successful investor . Why is profit more important than price? The saying goes, "If you can only choose one metric when buying stocks, you should choose either company's current ratios or earnings." Petaling also notes that the stock price does n't tell you much about the company .
Let's consider the two listed banks on the stock exchange mentioned above . As of November 2025, the share price of Commercial Bank is Rs. 210 per share. On the same day, the price of a share of Hatton National Bank was Rs. 41,075. Which of these two do you think is more expensive? Lichcha says that the price mentioned here has no meaning until you compare that stock price with the company's earnings .
By looking at earnings, you can tell whether a company is actually growing, shrinking, or stagnating . What this means is that the stock price is simply how much someone is willing to pay to buy the stock on that day . Let me ask you a question . If you have bought stocks, do you have any shares whose price has changed significantly but the company's earnings have not changed?
The answer is that you now need to understand how your portfolio or investment basket is behaving . Understanding the P-Ratio The P- Ratio simply means how much an investor would have to pay per share today to earn one rupee from a company if they were to buy shares of a company. For example, if the PE value is 10, you have to pay 10 rupees for a few rupees .
If the value is 30, you will have to pay 30 rupees for that rupee. Len notes that just because there is a high value, it is not a warning. However, when a high PE ratio does not generate earnings growth, an investor should be cautious. He cites the example of McDonald's, which at one point had a P-value of 50 .
At that time, this investment was risky because the company, or any other company, had little potential to grow rapidly enough to justify such a high price. If growth slows even slightly, stock prices could collapse. This is not because the company is bad, but because investors have paid too much for the shares.
So a high PE ratio is appropriate in any situation where a company's earnings are growing fast enough to support it. A high PE ratio is appropriate for investment. So when is a fifteen-figure figure attractive ? A five-figure figure can be skyrocketing when earnings are stable or rising and the market has not yet priced in that earnings growth.
Len repeats the same rule again . At any given time, a company's earnings will make or break your investment. H's formula is that a falling P value and rising earnings can be a good investment opportunity . A high value and a high probability of winning can be a dangerous situation. PEG Ratio When Peterly talks about finding great stocks, one of the compelling ideas he repeatedly brings up is the relationship between price and growth, or the PEG ratio.
The PEG ratio is the PE ratio divided by the expected earnings growth. Linge's entire philosophy fits this calculation well. He tells everyone that a high-growth company can justify a high PE value, while a slow-growing company should have a low PE value. Therefore, instead of looking at the PE value alone, the PEG ratio helps you determine the PE value relative to a company's growth .
For example, if a company grows its earnings by 120, its EPS would be 20, and its EPS would be 1. Ling notes that shares of a company with a peg value of one are often fair and attractive to investors . But a company with a PE value of 40 and growth of 110 is a place . Lynch describes this as an opportunity where you overpay for a great company .
Lin notes that if the Peck value is less than one, the company's shares are undervalued . This could be a good opportunity for investors to buy shares. Lin mentions that you shouldn't ask how expensive a sak is . Just ask whether its growth justifies the price . A peg value of one is good for investors.
Even better if it's less than one . When used correctly, the peg ratio is a simple, powerful method that will point you to fast-growing, reasonably priced companies that could become the next ton baggers . Another important lesson learned from earnings growth and the compounding effect is that small changes in a company's growth rate can make a big difference.
The long-term results can make a big difference. Let's take a simple example. Imagine that there are two equations, a and b. Imagine the cost of one part of the beginning of these two is 10 rupees. Imagine that Company A is growing its earnings at a rate of 115% per year and Company B is growing its earnings at a rate of 11% per year .
At first glance, there is no difference in the development and origin of the two names . But after about 10 years, even if there is an increase in earnings, the difference starts to show. For example, Company A could earn about 40 rupees per share in 10 years, while Company B could earn about 25 rupees per share in 10 years .
This is shown in the Kampoon defect. Or that seemingly small advantages are an opportunity to yield huge profits over time . This is how flower baggers are born, Ling continues. If you want mudbuggers, look for companies that can consistently grow earnings at high rates, rather than chasing stock price waves .
Over time, these have the potential to create returns of 5x, 10x, 20x, or even 100x . Good. Now let's look at the main points regarding Pete Dealing's PE value and earnings . Price is a joke. It is true that it is profitable. Check the front page . Rising earnings equal rising wealth. A lower price won't be profitable if earnings don't grow .
In the long run, everyone wins. If you remember these five lines, you will be able to invest well at a market rate of 100% . You will feel sad after watching this video . S
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