期刊名称:International Journal of Business and Management
印刷版ISSN:1833-3850
电子版ISSN:1833-8119
出版年度:2010
卷号:5
期号:5
页码:124
DOI:10.5539/ijbm.v5n5P124
出版社:Canadian Center of Science and Education
摘要:Due to real estate and financial industry respectively characterized by strong and weak periodicity, this article aiming to investigate which kind of cyclical industry in the listed companies will Price/Earnings (PE) and Price/Book value (PB) be more suitable for evaluating selects the data of Shenzhen Development Bank (SDB) and Vanke A from Feb. 28 1991 to June 30 2009, uses mean-variance comparison method and analyzes theirs PE and PB. The results are that PE is more suitable for the evaluation of SDB and PB is more suitable for the evaluation of Vanke A. It shows that to some extent PE is more suitable for the evaluation of weak cyclical industry and PB is more suitable for the evaluation of strong cyclical industry.