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Even at a $30 billion net worth valuation, based on profit forecasts for her Hope Downs mine, she'd be the world's richest woman, a title currently held by Walmart heiress Christy Walton.
To eliminate stocks that have already gotten big political bounces biofuels come to mind we cut down the list with a few requirements: a price-to-sales multiple below a five-year historic average and a price-to-earnings multiple, based on profit forecasts for the coming four quarters, below 25.
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Corporate taxation is still based on profits.
Executives' bonuses should be based on profits.
Most efforts to judge the right stock market value for a company rely on profit forecasts.
A forward p/e ratio for A shares of 40 (again, based on forecast profits) certainly looks bubbly, but it too is much lower than in previous bubbles.
From there, we required that price-to-earnings ratios, based on year-ahead profit forecasts, stand at a discount to annualized earnings growth projections for the coming three-to-five years.
Dismissing the forecasting, based on one "failed" forecast in 2016, does not seem credible.
Inouye took over the corner office in 2001 and dusted off an idea from Best Buy for selling PCs at retail based on a fixed-profit margin and based on careful forecasts for retail demand.
Emerging markets' average p/e of 14.7 (based on forecast 2008 profits) is now above its 20-year average of 14, but it is nevertheless still well below previous peaks (see chart 4 .China A shares have been the frothiest this year, up by 104%.
Companies surveyed by the Bank of Japan are basing their 2002 profit forecasts on the yen depreciating to near 126, although the dollar now buys about 119 yen.
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