股票PES：中英文双语解读

中文段落：

股票PES，全称为Price-Earnings-to-Growth Ratio，即市盈率增长比率，是投资者评估股票价值时常用的一个重要指标。该指标通过衡量公司的市盈率与其预期增长率之间的关系，帮助投资者判断股票是否被高估或低估。

市盈率增长比率（PES）的计算公式为：PES = 市盈率（PE） / 预期增长率（G）。其中，市盈率（PE）表示公司市值与其净利润之间的比率，反映了投资者愿意为每单位盈利支付的金额；预期增长率（G）则代表了公司未来盈利的预期增长水平。

若PES值较低，意味着相对于其预期增长率，公司的市盈率较低，股票可能被低估，具有投资潜力。相反，若PES值较高，可能表示股票被高估，投资者应谨慎考虑投资。

然而，需要注意的是，PES并非万能的评估工具。投资者在使用PES时，还应结合其他财务指标和市场信息，进行综合分析，以做出更明智的投资决策。

英文段落：

The stock PES, full name Price-Earnings-to-Growth Ratio, is a crucial indicator commonly used by investors to assess the value of a stock. This metric helps investors determine whether a stock is overvalued or undervalued by measuring the relationship between a company's price-earnings ratio and its expected growth rate.

The formula for calculating PES is: PES = Price-Earnings Ratio (PE) / Expected Growth Rate (G). In this formula, the Price-Earnings Ratio (PE) represents the ratio of a company's market capitalization to its net income, reflecting the amount investors are willing to pay for each unit of earnings. The Expected Growth Rate (G) represents the anticipated level of future earnings growth for the company.

A low PES value suggests that a company's price-earnings ratio is relatively low compared to its expected growth rate, indicating that the stock may be undervalued and thus has investment potential. Conversely, a high PES value may suggest that the stock is overvalued, and investors should exercise caution when considering an investment.

However, it's important to note that PES is not a foolproof evaluation tool. When using PES, investors should also consider other financial indicators and market information for a comprehensive analysis to make more informed investment decisions.