শেয়ার বাজার নিয়ে আমার এই লিখা শুধু নতুনদের জন্য, কারন পুরানো সবাই Fundamental ব্যাপার গুলো জানেন।
Earnings per share (EPS)

Earnings per share = Net profit after interest and tax and preference dividends / Number of ordinary shares issued.

For example, companies A and B both earn Tk 1000, but company A has 100
shares outstanding, while company B has 500 shares outstanding. Which company’s stock do you want to own?

Using our example above, Company A had earnings of Tk 1000 and 100 shares outstanding, which equals an EPS of Tk 10 (Tk 1000 / 100 = 10). Company B had earnings of Tk 1000 and 500 shares outstanding, which equals an EPS of Tk 2 (Tk 1000 / 500 = 2).
Usually higher the EPS, the more lucrative is the share.



Price/earnings ratio (P/E)

Price/earnings ratio = Market price per share / Earnings per share.

This puts the price into context as a multiple of the earnings.

For example, companies A and B both have a market price of Tk 1000 per share, but company A has an EPS of Tk 100, while company B’s EPS is Tk 20. What is the P/E ratio of the two companies?

Using our example above, Company A had price of Tk 1000 per share and EPS of Tk 100, which equals a P/E ratio of 10 (Tk 1000 / Tk 100 = 10). Company B had price of Tk 1000 per share and EPS of Tk 20, which equals a P/E ratio of 50 (Tk 1000 / Tk 20 = 50).

In general, a high P/E suggests that investors are willing to pay a higher price for a company that has not reached its earning potential. The P/E gives one an idea of what the market is willing to pay for the company’s earnings. The higher the P/E the more the market is willing to pay for the company’s earnings.
But remember, some investors often read a high P/E as an overpriced stock and that may be the case; however it can also indicate the market has high hopes for this stock’s future and has bid up the price.