Update: dictionary.com says twice a year... it continues with the definition with every two years: Biennial. In Britain, it seems, it might mean both... but in the U.S. biannual means twice a year.
We're talking about the price-to-earnings, or P/E, ratio. The current 12-month forward P/E ratio is 16.8, FactSet's John Butters said on Friday. This P/E ratio is above the 5-year average (13.8) and the 10-year average (14.1).. But just because stocks are expensive relative to their long-term average is no guarantee that prices are doomed to fall immediately.
price earnings ratio the price earnings ratio or p e ratio is a stock s current price divided by the company s trailing 12 month earnings per share from continuous operations a fund s price earnings ratio can act as a gauge of the fund s investment strategy in the current market climate and whether it has a value or growth orientation the p e ratio of a fund is the weighted average of the price earnings ratios of the stocks in a fund s portfolio