基于市盈率模型的网络股定价及其改进

本文探讨的是网络股的定价模型问题。传统上。我们一般从市盈率出发，倒推出股票的市场价格．但由于知识经济或说是网络经济的兴起，某些特殊的经济现象极大地影响了预测结果的准确性。文中主要结合新经济的高速成长性，对原市盈率模型稍作改进，试图使市盈率模型仍然可以成为预测股价的基本方法之一。但其方法在使用中的一个重要障碍是。相关数据无法从会计报表得到。

Net Stock Pricing Based on the Model of P/E and Its Improvement

This paper investigates the puzzle of the net (stock) pricing.Traditionally,we use such variances of P/E to help make investment decisions,which may fail in practice,due to the brand new characteristics of the knowledge economy.This paper modifies the model of P/E and tries to put forward some improvements on net (stock) pricing method.But how to get the relevant data remains a problem.