What is the meaning of X in PE Ratio?

P/E Ratio
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Srijayan
Consultant, United Arab Emirates

What is the meaning of X in PE Ratio?

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

  Jaap de Jonge
Editor, Netherlands
 

The Meaning of the x in PE Ratio

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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