What is the meaning of X in PE Ratio?

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What is the meaning of X in PE Ratio?
Srijayan, Member
Sometimes PE Ratio is given as 12.9x... What does "x" mean?
 

 
The Meaning of the x in PE Ratio
Jaap de Jonge, Editor
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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