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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-12-12), Western Asset Inflation-Linked Opportunities andome Fund's share price is $8.55. Western Asset Inflation-Linked Opportunities andome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2024 was $0.34. Therefore, Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio for today is 25.52.
Warning Sign:
Western Asset Inflation-Linked Opportunities and Income Fund stock PE Ratio (=430.25) is close to 10-year high of 441
During the past 7 years, Western Asset Inflation-Linked Opportunities andome Fund's highest PE Ratio was 441.00. The lowest was 6.63. And the median was 9.95.
Western Asset Inflation-Linked Opportunities andome Fund's EPS (Diluted) for the six months ended in May. 2024 was $0.36. Its EPS (Diluted) for the trailing twelve months (TTM) ended in May. 2024 was $0.34.
As of today (2024-12-12), Western Asset Inflation-Linked Opportunities andome Fund's share price is $8.55. Western Asset Inflation-Linked Opportunities andome Fund's EPS without NRI for the trailing twelve months (TTM) ended in May. 2024 was $0.34. Therefore, Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio without NRI ratio for today is 25.52.
During the past 7 years, Western Asset Inflation-Linked Opportunities andome Fund's highest PE Ratio without NRI was 441.00. The lowest was 6.63. And the median was 9.95.
Western Asset Inflation-Linked Opportunities andome Fund's EPS without NRI for the six months ended in May. 2024 was $0.36. Its EPS without NRI for the trailing twelve months (TTM) ended in May. 2024 was $0.34.
During the past 3 years, the average EPS without NRI Growth Rate was -75.20% per year.
During the past 7 years, Western Asset Inflation-Linked Opportunities andome Fund's highest 3-Year average EPS without NRI Growth Rate was 16.00% per year. The lowest was -75.20% per year. And the median was -29.60% per year.
Western Asset Inflation-Linked Opportunities andome Fund's EPS (Basic) for the six months ended in May. 2024 was $0.36. Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2024 was $0.34.
The historical data trend for Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Western Asset Inflation-Linked Opportunities andome Fund Annual Data | ||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
PE Ratio | Get a 7-Day Free Trial | 9.21 | 9.04 | 9.93 | At Loss | 425.50 |
Western Asset Inflation-Linked Opportunities andome Fund Semi-Annual Data | ||||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | May24 | |
PE Ratio | Get a 7-Day Free Trial | At Loss | At Loss | At Loss | 425.50 | At Loss |
For the Asset Management subindustry, Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio distribution charts can be found below:
* The bar in red indicates where Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio falls into.
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio for today is calculated as
PE Ratio | = | Share Price | / | Earnings per Share (Diluted) (TTM) |
= | 8.55 | / | 0.335 | |
= | 25.52 |
Western Asset Inflation-Linked Opportunities andome Fund's Share Price of today is $8.55.
For company reported semi-annually, Western Asset Inflation-Linked Opportunities andome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.34.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
PE Ratio | = | Market Cap | / | Net Income |
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Western Asset Inflation-Linked Opportunities andome Fund (NYSE:WIW) PE Ratio Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.
Thank you for viewing the detailed overview of Western Asset Inflation-Linked Opportunities andome Fund's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Larson | director | 2365 CARILLON POINT, KIRKLAND WA 98033 |
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Cascade Investment, L.l.c. | 10 percent owner | 2365 CARILLON POINT, KIRKLAND WA 98033 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Oliveira Marc De | officer: Secretary / Chief LGL Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Jed A. Plafker | other: Director of Investment Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jennifer M Johnson | other: Director of Investment Adviser | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Matthew Nicholls | other: Director of Investment Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Peter J. Taylor | director | 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770 |
Susan B Kerley | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
Jaynie M Studenmund | director | 506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104 |
Jane F Dasher | director | KORSNAT PARTNERS, 283 GREENWICH AVE 3RD FL, GREENWICH CT 06830 |
Anita L Defrantz | director | 736 RAYMOND AVENUE, SANTA MONICA CA 90405 |
Siart William E B | director | 266 TOYOPA DRIVE, PACIFIC PALISADES CA 90272 |
Robert Jr Abeles | director | 3018 ANNITA DRIVE, GLENDALE CA 91206 |
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