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Another term for "price/earnings ratio". Calculated by dividing
the stock's current price by the company's current annual earnings
per share, usually from the last four quarters (the trailing P/E ratio).
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For
the most part, a high multiple means high projected earnings in the
future.
But actually the multiple doesn't tell a whole lot, but it's useful
to compare against other companies in the same industry, or to the
market in general, or against the company's own historical multiple.
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