Average Quote by Benjamin Graham

It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.

— Benjamin Graham

An investor calculates what a stock is worth, based on the value of its businesses.

— Benjamin Graham

Focus on return on equity, not earnings per share.

— Warren Buffett

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value…

— David Dreman

If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe to the…

— Peter Lynch

Calculate "owner earnings" to get a true reflection of value.

— Warren Buffett

The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.

— John C. Bogle

There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you…

— Warren Buffett

People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells…

— Barry Ritholtz

Don't get trapped by looking at what the price was that you paid for some stock originally.

— Richard Thaler

To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. Valuation is a tougher question than many folks realize.

— Barry Ritholtz

“William J. Bernstein and Robert D. Arnott, “Earnings Growth: The Two Percent Dilution,” Financial Analysts Journal 59:5 (September/October, 2003): 47–55.”

— William Bernstein