Normalized Low Price Earnings Ratio (Historical)

Returns the lowest normalized P/E ratio during a historical period, using normalized earnings to remove one-time items.

Notes

  • Shows trough valuation during the period
  • Normalized earnings provide cleaner comparison
  • Useful for understanding valuation floor
  • Compare with high P/E for range

Syntax

=hf_Normalized_Low_Price_Earnings_Ratio(Symbol, Year, [Quarter], [TTM])
Excel Desktop (Windows)

Examples

=hf_Normalized_Low_Price_Earnings_Ratio("AAPL", 2023)
Annual data for 2023
=hf_Normalized_Low_Price_Earnings_Ratio("MSFT", 2023, 2)
Q2 2023 data
=hf_Normalized_Low_Price_Earnings_Ratio("GOOGL", "lq")
Last quarter
=hf_Normalized_Low_Price_Earnings_Ratio("TSLA", "ly")
Last year
=hf_Normalized_Low_Price_Earnings_Ratio(A1, B1, C1)
Cell references

When to Use

Valuation floor analysis, historical valuation troughs, buying opportunity analysis

When NOT to Use

| Need high P/E | hf_High_Price_Earnings_Ratio() | | Need current P/E | PERatio() |

Common Issues & FAQ

What year formats are accepted?

Use numeric years (2023) or period codes: lq (last quarter), ly (last year), lt (last twelve months), lq-1 (quarter before last).

Why am I getting "NA"?

The company may not report this metric, or data may not be available for the requested period.

What's the difference between quarterly and TTM?

Quarter shows one quarter's data. TTM (trailing twelve months) sums the last 4 quarters.

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MarketXLS Excel Add-in Tutorial - How to Use Normalized Low Price Earnings Ratio (Historical) and Other Financial Formulas
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