The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach

碩士 === 國立暨南國際大學 === 經濟學系 === 87 === The main goal of this thesis is to utilize the P/E ratio approach to forecast future stock price to see whether this approach is effective and feasible, and to test, empirically, if it is actually reasonable to forecast future stock price taking the number 20 as t...

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Main Authors: Sheng-Chih Yu, 游升志
Other Authors: Wen-Jen Tsay
Format: Others
Language:zh-TW
Published: 1999
Online Access:http://ndltd.ncl.edu.tw/handle/pq4m83
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spelling ndltd-TW-087NCNU03890132018-04-10T17:13:41Z http://ndltd.ncl.edu.tw/handle/pq4m83 The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach 以本益比法預測股價之實證分析 Sheng-Chih Yu 游升志 碩士 國立暨南國際大學 經濟學系 87 The main goal of this thesis is to utilize the P/E ratio approach to forecast future stock price to see whether this approach is effective and feasible, and to test, empirically, if it is actually reasonable to forecast future stock price taking the number 20 as the logical P/E ratio multiple. Furthermore, we attempt to propose a new method (the synthetic method) in order to choose a logical P/E ratio, to examine whether its capacity in forecasting is explicit. According to the empirical results, the following conclusions are acquired: first, the P/E ratio approach is indeed effective in forecasting future stock price. Secondly, take the number 20 as the logical P/E ratio multiple does have its referential value. And thirdly, the synthetic method is the best forecasting method in this research. Wen-Jen Tsay 蔡文禎 1999 學位論文 ; thesis 66 zh-TW
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language zh-TW
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description 碩士 === 國立暨南國際大學 === 經濟學系 === 87 === The main goal of this thesis is to utilize the P/E ratio approach to forecast future stock price to see whether this approach is effective and feasible, and to test, empirically, if it is actually reasonable to forecast future stock price taking the number 20 as the logical P/E ratio multiple. Furthermore, we attempt to propose a new method (the synthetic method) in order to choose a logical P/E ratio, to examine whether its capacity in forecasting is explicit. According to the empirical results, the following conclusions are acquired: first, the P/E ratio approach is indeed effective in forecasting future stock price. Secondly, take the number 20 as the logical P/E ratio multiple does have its referential value. And thirdly, the synthetic method is the best forecasting method in this research.
author2 Wen-Jen Tsay
author_facet Wen-Jen Tsay
Sheng-Chih Yu
游升志
author Sheng-Chih Yu
游升志
spellingShingle Sheng-Chih Yu
游升志
The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
author_sort Sheng-Chih Yu
title The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
title_short The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
title_full The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
title_fullStr The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
title_full_unstemmed The Empirical Research of Forecasting Future Stock Price by the P/E Ratio Approach
title_sort empirical research of forecasting future stock price by the p/e ratio approach
publishDate 1999
url http://ndltd.ncl.edu.tw/handle/pq4m83
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