| leadingFY2PE {stockAnalyst} | R Documentation |
Calculates Leading Price to Earning Multiple based on the mean of the following fiscal year (FY2 = Fiscal Year 2) 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
leadingFY2PE(currentShPr, FY2EPS)
Arguments
currentShPr |
number. |
FY2EPS |
number. |
Details
According to information provided by Jerald E. Pinto (2020), the method leadingFY2PE is developed for computing Leading PE Multiple based on the mean of the following fiscal year (FY2 = Fiscal Year 2) forecasts for the values passed to its two arguments. Here, currentShPr is the current Share Price and FY2EPS is the mean of following fiscal year (FY2 = Fiscal Year 2) forecasts by the analysts.
Value
Input values to two arguments currentShPr and FY2EPS.
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
leadingFY2PE(currentShPr=184.15,FY2EPS=18.35)