This post is for many of you who went for the recent Value/Growth Investing Workshop, for the readers who have read the post on the Ultimate Scorecard, and for the subscribers to the Ultimate Scorecard database via Fundamental Scorecard website.
Because once again I had made some changes to the Ultimate Scorecard.
Few days ago, I was prompted by a subscriber who went for the workshop that "PB to ROE" equals to "PE" ratio!
Seriously I was dumbfounded. Thus, this weekend I decided to double check on the database and I found that this is absolutely true.
Hence, if I continue to use "PB to ROE", I will end up putting more emphasis on "PE" ratio. Even if I amend some of the figures, I realized the impact will not be great.
Therefore, I decide to change the criteria from "PB to ROE" to just "ROE" ratio. This is because ......