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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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Peak earnings

Fundamental analysis

Profit at the top of a cycle, which is not representative of what the business earns across a full one.

In plain terms

This is exactly when a cyclical looks cheapest on P/E, because the denominator is temporarily swollen. Normalised earnings or price-to-book describe it more honestly.

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Indian stock market glossary · Market Vidyalaya