| Summary: | 碩士 === 國立高雄第一科技大學 === 金融研究所 === 100 === The purpose of this study to explore under the P/E ratio distinction between value stocks and growth stocks, whether through portfolio screening mechanism consisting of a set of financial indicators, while the excess returns of the portfolio, and Piotroski (2000) F-SCORE as a basis for comparison. Compared to the F-score, this study obtained higher excess returns. The investment strategy of this study, financial performance indicators provide the public with a simple investment, let individual in the stock market is no longer just a loser, but also be able to obtain excess returns. Explore the value of stocks relative to growth stocks have the advantage of absolute return, the results of this study is similar to the previous several scholars, that is, value stocks and growth stocks each have his own merits.
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