Registered User
Joined: 6/22/2005
Posts: 19
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I want a more accurate way of screening to show me stocks that are currently at 20 times or under their earnings per share price. I find the p/e ratio not very accurate.
Have you a method for how I can screen them.
thanks
Peter
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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There is no way to construct your own fundamentals in TeleChart as the Personal Criteria Formula Language does not have syntax for referencing fundamentals. I cannot think of a better criteria to use.
Definitions of all built in scanning and sorting criteria
P/E Ratio - The price per share divided by the trailing 12 month's earnings per share. Companies with negative earnings are designated N/A. This well known criterion is a quick and dirty way of evaluating whether a stock is richly priced or reasonably priced. The P/E ratio must, however, always be evaluated in conjunction with growth rate. A high growth rate deserves a high P/E. Generally a low P/E would merit a long position.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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