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- 156292
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- 20
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- 2010-1-27
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- 2016-2-1
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How do they calc the expected change in the P/E? The formula for the Ibbotson model is
(1+expected Inflation)(1+Real earnings)(1+change in P/E) - 1 + div yield - RF
They come up with a change in P/E of .97??? The problem says the market is overvalued by 10% and they don’t really give the expected change in P/E.
OK, so I just realized the baseline valuation for this is 0 and will change depending on over/under valuation. But, I still don’t see where they come up with .97? |
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发表于 2012-5-18 04:16
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