Business, Management and Accounting
8 years ago

Unlocking Stock Market Secrets: PE Ratios Predict Earnings Growth in Poland

Folia Oeconomica Stetinensia
The PE Ratio and the Predicted Earnings Growth – the Case of Poland
Radosław Kurach, Tomasz Słoński

Paper Summary

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The article examines how different factors affect stock returns in the Polish market. By using a model that considers dividend yield, expected earnings growth, and changes in PE ratio, the researchers analyzed the discount or premium of individual stocks and market averages. They found that high PE ratios can be influenced by temporary fluctuations in earnings, which can impact future prospects. The study also looked at how accurately companies reflect their future potential.