NAC361.358. “Price-earnings ratio” defined.

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“Price-earnings ratio” means the ratio of the market price per share of the common stock of a specific company to the earnings per share of common stock of that company during a 12-month period. Typically, the ratio is based upon the current market price and the most recent 12-month period for which the earnings are known.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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