USING OF P/E AND P/BV INDICATORS BY BUILDING A STOCK PORTFOLIO
| Autor: | Martin Surovec, Martin Širůček |
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| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | Acta academica karviniensia. 17:73-87 |
| ISSN: | 2533-7610 1212-415X |
| DOI: | 10.25142/aak.2017.015 |
| Popis: | Presented paper is dealing with using selected fundamental indicators by building a stock portfolio. Analysis is focused on using P/E and P/BV indicators by building a stock portfolio from stocks listed on Prague Stock Exchange. The aim of this paper is answer on question, if stocks with lower P/E and/or P/BV bring investor higher return than stocks with higher values of these indicators or not. The usability of indicators was confirmed by our findings. Another conclusion of this paper is finding that stocks with lower P/E and/or P/BV exceeded benchmark represented by index PX-TR. Observed time period was from 2004 till 2014. Selected period was also divided on 5 year slip periods. Results show that stock with lower P/E or P/BV bring higher profit than stock with higher P/E or P/BV. These stocks also exceeded the benchmark. |
| Databáze: | OpenAIRE |
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