“经济增加值”市盈率界定及其在仓储运输上市公司中的应用

How to Define EVA P/E Rate and Apply It to the ListedCompany of Storage and Transportation

市盈率作为主要的评价上市公司盈利能力的技术指标之一,它的可靠性和准确性受到其自身缺陷与潜在的误解的限制而大大的降低。在简单地分析了市盈率显性和隐性的缺陷基础上,引入经济增加值(EVA)理论,并通过EVA对市盈率加以改进,得到"EVA市盈率"这一新的评价指标。运用此指标对仓储运输行业上市公司进行分析,得出一些不同的结论。

As one of the main technical indexes evaluating gaining profit capability of listed companies, the credibility and correctness of P/E have been lowered greatly because of its own flaws and potential misunderstandings. On the basis of simply analyzing obvious and recessive flaws of P/E, the theory of Economic Value Added (EVA) is introduced. Then P/E is improved by the theory of EVA, and 'EVA P/E' is gained as a new evaluating index. Analyzing listed warehousing and transportation companies with this index, we can draw some different conclusions.