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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Mid-cycle earnings

Fundamental analysis
Also called: Normalised earnings

Profit averaged across a full economic cycle, used to normalise a cyclical company’s valuation.

In plain terms

The only sane denominator for a cyclical. Trailing earnings get the answer wrong at both ends of the cycle, confidently.

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Indian stock market glossary · Market Vidyalaya