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The P/E Ratio: A User's Manual

Actively Speaking Podcast

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What Does the Price in the Numerator Tell Us?

Economists are fond of saying that in any market system, prices contain information. What is in the price of a stock or what information can we glean from looking at a stock's price? Over the last 100 years, there's been kind of a well-developed body of theory that's come along about what is reflected in stock prices.

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