在金融工程框架下,单一的静态市盈率(PE)无法完整刻画周期性行业的估值全貌。当行业处于周期底部、企业盈利(E)收缩时,静态PE会被动推高。若后续微观开工率回升能够转化为财务报表上的利润修复,当前的静态高估值在数理逻辑上存在被动态摊薄的可能。因此,估值评估需结合前瞻性的盈利预期修正。
Blue: Hockey Hall of Famers,详情可参考新收录的资料
Konrad Gös for Quanta Magazine,这一点在新收录的资料中也有详细论述
Despite the increase, the number of successful claims has been small. As of mid-November last year, 249 people had received payouts for harm caused by Covid vaccinations.