Darien

FinNinja Wrote:
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> 1/yardeni is the forward P/E, though you don't
> need to discount to compare.
>
> if that were the case you would also need a
> discount to compare fwd earnings yield to current
> which we don't.
>
> I usually change the yardeni to a P/E and compare
> to the current P/E b/c it's much easier for mee to
> see that a market is under priced if the P/E will
> be higher in the future rather than thinking about
> the earnings yield. the earnings yield is just
> backwards to me and I think it opens myself up to
> errors on the test.

This is exactly what I was confused about.

Thanks everyone. I thought it was P0/E1, but was not 100%.