P-E Ratio: Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 times $2.55. XYZ stock sells for ten times earnings.

 

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P-E Ratio: Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $ . . . View Full Definition

Organization For Economic Development And Cooperation (OECD): An international organization established by the United States, Canada and certain Western European countries in 1960. The OECD studies and discusses trade and related matters. Its current 2 . . . View Full Definition

Orchestration: Arranging a piece of music for an orchestra. Also, the study of music.

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Operations Director: Individual who typically oversees claims, management information services, enrollment, underwriting, member services, and office management.

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P-E Effect: That portfolios with low P-E stocks exhibit higher average risk-adjusted returns than those with high P-E stocks. Related: Value manager.

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Parity Ratio: The ratio of the prices received index, 1910-14=100, to the prices paid index on a 1910-14=100 base (called the parity index). The parity ratio is a measure of relative price relationships. . . . View Full Definition

Packer Concentration: The degree to which a few large firms dominate total sales within segments of the meat packing industry, which, some farmers and other critics contend, can cause or at least contribute to lo . . . View Full Definition