KursGewinnVerhältnisse

KursGewinnVerhältnisse is a German term that directly translates to “price‑to‑earnings ratios.” It is used in financial analysis to evaluate the relative value of a company's stock. The ratio is calculated by dividing the current share price by the earnings per share (EPS) that the company reported for the most recent quarter or full year. A high KursGewinnVerhältnis can indicate that a stock is overvalued, while a low ratio may indicate undervaluation. However, the interpretation depends on the industry, growth prospects, and market conditions.

This metric originated in the United States as the price‑to‑earnings ratio (P/E ratio) in the early 20th century, and it has been adopted worldwide. In Germany, the term KursGewinnVerhältnis appears frequently in annual reports, investment guides, and market analyses. The formula remains identical: Share Price ÷ Earnings per Share. Some analysts also use the trailing twelve‑month (TTM) EPS instead of a single year to smooth out seasonal fluctuations.

KursGewinnVerhältnisse is commonly compared between companies within the same sector to gauge relative valuation. It can also be contrasted with the historical average of a company to identify whether the current valuation is high or low relative to its own past performance. Expert investors warn that a low P/E doesn’t guarantee a good buy, as earnings sustainability and market sentiment must also be considered. In contrast, a very high ratio may simply reflect investor expectations for future growth. The ratio is thus a valuable but not standalone indicator in the toolkit of investors.