| leadingFY1PE {stockAnalyst} | R Documentation |
Calculates Leading Price to Earning Multiple based on the mean of the current fiscal year (FY1 = Fiscal Year 1) forecasts.
Description
Applying the fiscal-year concept, Leading PE can be computed in two ways: first, based on the mean of the current fiscal year (FY1 = Fiscal Year 1) forecasts, for which analysts may have actual EPS in hand for some quarters; second, based on the following fiscal year (FY2 = Fiscal Year 2) forecasts, which must be based entirely on forecasts by analysts (Jerald E. Pinto, 2020).
Usage
leadingFY1PE(currentShPr, FY1EPS)
Arguments
currentShPr |
number. |
FY1EPS |
number. |
Details
According to information provided by Jerald E. Pinto (2020), the method leadingFY1PE is developed for computing Leading PE Multiple based on the mean of the current fiscal year (FY1) for the values passed to its two arguments. Here, currentShPr is the current Share Price and FY1EPS is the mean of the current fiscal year (FY1 = Fiscal Year 1) forecasts, for which analysts may have actual EPS in hand for some quarters.
Value
Input values to two arguments currentShPr and FY1EPS.
Author(s)
MaheshP Kumar, maheshparamjitkumar@gmail.com
References
Pinto, J. E. (2020). Equity Asset Valuation (4th ed.). Wiley Professional Development (P&T). https://bookshelf.vitalsource.com/books/9781119628194
Examples
leadingFY1PE(currentShPr=184.15,FY1EPS=16.19)