Personal Finance & Money Asked on May 28, 2021
I’m reading a book called Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Phil Town.
Inside the book, he claimed this is the easy formula to calculate the future (10 year) PE for a stock.
Just double the digits Earning or Equity Growth rate.
For example: if the growth rate is 8%, then the Future (10 year) PE is 16.
Does anybody know how he came to this kinda of formula?
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