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本文在股息贴现模型等一系列理论基础上,推导出市盈率计算公式及各参数之间的关系,并由此提出假设:理论上股票(创业板)的市盈率应该可以在某种程度上反应出公司未来业绩的增长潜力,且次年的增长率能在其股价上体现出来,然后通过实证研究的方法验证假设,分析了创业板上市公司市盈率与经营业绩之间的关系,并提出规范和投资建议。
Based on a series of theories such as the dividend discounting model, this paper derives the formula of price-earnings ratio and the relationship among the parameters. It concludes from this hypothesis that theoretically the price-to-earnings ratio of a stock should be able to reflect, to a certain extent, The future growth potential of the performance, and the next year’s growth rate can be reflected in its share price, and then verify the assumptions through empirical research methods, analysis of the relationship between the GEM and operating performance of listed companies, and put forward norms and investment advice .