Lyu, Jiaxin (2023) PE Factor in the Asset Pricing. In: Proceedings of the 2nd International Conference on Big Data Economy and Digital Management, BDEDM 2023, January 6-8, 2023, Changsha, China.
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Abstract
This paper attempts to study the relationship between price-earnings ratio and stock returns. We find that stocks with lower price-earnings ratio can obtain higher returns than stocks with higher price-earnings ratio. This finding applies not only to simple returns, but also to risk-adjusted returns
| Item Type: | Conference or Workshop Item (UNSPECIFIED) |
|---|---|
| Date Deposited: | 04 Mar 2026 16:17 |
| Last Modified: | 17 Apr 2026 03:09 |
| URI: | http://eprints.eai.eu/id/eprint/43125 |
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