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请问justified ratios

在二级的公式里出现justified P/CF, P/B, P/S和justified dividend yield

请问这里面justified是什么意思?和一般的P/CF等ratio的区别是什么?什么是unjustified呢?

谢谢!

 justified is calculated based on fundamentals. then it is compared with actual to determine if the security is under/over valued.

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