Shareholder Return Ratio: What a 33% Payout Actually Yields
The shareholder return ratio is measured against net profit; the yield you actually collect is measured against market cap. PER is the only link between them — and it turns 33% into 0.7%.
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#PER 2 posts
How to Read P/E Ratios — Three Moments When Multiples Betray You
The P/E ratio is the most widely used valuation metric and the most often misunderstood. Without grasping three structural traps — earnings quality, the rate environment, and the growth illusion — a "cheap" call can become the costliest mistake.