通胀目标市盈率

ERN: Price Level; Inflation; Deflation (Topic) Pub Date : 2020-10-25 DOI:10.2139/ssrn.3721008

S. Rowles

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引用次数: 0

摘要

在低利率和低通货膨胀率的基础上，投资者最近容忍了高于平均市盈率(P/E)和周期性调整市盈率(CAPE)。这篇白皮书讨论了使用以通货膨胀为核心驱动因素的逆百分位数估算方法，应该接受多少溢价。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Inflation Targeted P/E

Higher than average Price-to-Earnings (P/E) ratios and Cyclically-Adjusted Price-to-Earnings (CAPE) ratios have been tolerated by investors recently on the basis of low interest and inflation rates. This white paper debates how much premium should be acceptable using an inverse percentile-based estimation method with inflation as the core driver.

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来源期刊

ERN: Price Level; Inflation; Deflation (Topic)

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