What is the meaning of X in PE Ratio?

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What is the meaning of X in PE Ratio?
Srijayan, Consultant, United Arab Emirates

Sometimes PE Ratio is given as 12.9x... What does "x" mean?

The Meaning of the x in PE Ratio
Jaap de Jonge, Editor, Netherlands
Quite simply: the x means "times". So it would mean the avarage common stock price is 12.9 times the net income per share.



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