- UID
- 222297
- 帖子
- 431
- 主题
- 13
- 注册时间
- 2011-7-2
- 最后登录
- 2016-1-9
|
You buy based on current price. You are rewarded in terms of the forward earnings. So price lags earnings , and you must appropriately create the lag in the adjustment , i.e. it is a forward price/earnings measure |
|