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Meaning of price-earnings ratio

price'-earn'ings ra"tio

Pronunciation: (prīs'ûr'ningz), [key]
  1. the current price of a share of common stock divided by earnings per share over a 12-month period, often used in stock evaluation. Abbr.: p/e&hasp; Also called
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.