事实上，我愿意重申我两周前的看法，即以2011年的收益为基础进行衡量，一些中国股票的市盈率是合理的。
In fact, I'd repeat my observation from last week that, based on 2011 earnings, some Chinese markets are trading at reasonable levels.
不合理的一部分是，它假设新的服务将成为能用自己的方式带来收益的新生意。
The non sequitur is to assume that the new service will be a revenue-generating business in its own right.
通过为用户提供安全分享数据的手段，用户可以从一个更加合理，更加个性化，更加社交化的网站登录体验中收益。
By providing users with more secure means to share their data, they can benefit from a much more streamlined, personalized and socially relevant experience when they log in to trusted websites.
他认为将酒店的运营管理和拥有权分离有其合理依据，因为在轻资产模式下，企业的运营成本更具弹性，因此也有更多的空间来提高效率，增加收益。
He therefore sees the rationale for separating ownership and management, since asset-light firms, having more variable costs, have more scope for efficiency gains.
而随着收益成本上升，他确实对GDS的固定收费表示质疑，他认为固定收费是不合理的。
He does question static GDS fees as the cost of revenue has increased and he doesn't feel that a static fee is justified.
这可能能够解释租金收益降低，以及相较历史水平更高的合理售租比。
These might justify smaller rental yields and thus a higher fair-value price-to-rents ratio than suggested by history.
按照2009年的预期收益衡量，谷歌股票目前的市盈率为25倍，但考虑到谷歌的中期收入增长可能会跌向10%，这样的市盈率水平难说合理，而且还要外加谷歌员工的股票期权成本。
With Google's medium-term revenue growth likely to fall toward 10%, it is hard to justify paying 25 times 2009 consensus earnings, including the cost of employee stock options.
通过合理的政策安排尽可能地避免风险获取收益是我国的现实选择。
The realistic choice in China is to ap- ply reasonable policy system to avoid risk and obtain benefit.
但早期大多数的多元化并购已被实践证明是失败的、不合理的，它不仅没有带来预期的收益提高，反而降低了企业的运行效率。
Most of the conglomerate merger in early stage are proved to be defeated and unreasonable, which didn't improve the expected profit but reducing the operation efficiency of the company.
土地收益分配机制不合理。
企业通过合理的税收筹划，不仅可以获得额外的税收收益，而且能够提高企业的纳税意识。
Through reasonable tax planning, enterprises not only could obtain income of revenue, but also could raise the consciousness of ratepaying.
各信用评级的发行期限更为丰富与完整，将有利于形成合理的公司债券收益率曲线，为二级市场流通提供定价基准。
The maturity of various credit rating bond is more abundance will help to build up a rational corporate bond yield curve, and provide pricing benchmark for secondary market circulation.
本文介绍了现代证券组合理论中几个主要的数学模型，并分析了组合收益中的风险构成及风险收益决策。
Several mathematical models in modern portfolio has been introduced in this essay and the risk components in portfolio income constitution have been analyzed.
因此发电厂商如何利用市场中的公共信息，制定合理的发电上网价格，使自己的收益最大化，成为发电厂商在竞价过程中急需解决的问题之一。
So how to use public information to make the reasonable electricity price to make the maximizing profits is the one of the key problems that generating companies should solve.
我国现行的城市土地收益制度仍存在一些不合理之处，需要进一步完善。
The current urban land profit system is partially irrational and need to be improved further.
赔偿损失的范围可以包括股权的差价损失、股权收益及其他合理损失。
The scope of the losses to be compensated may include losses arising on account of differences in the value of the shares, shareholder earnings and other reasonable losses.
准确估计需求和合理分配资源的迫切需要引发了收益管理的出现。
Revenue management arose from the growing need for accurate demand estimates and resource allocations.
由于企业通过纳税筹划能在合理合法的前提下提高企业税后收益，因而必将有越来越多的企业所选择和运用这种策略。
For the sake of the fact that the profit after tax can be increased properly and legally by tax planning, more and more enterprises are choosing to apply the strategy.
即使泡沫论夸大其词，但是苹果只有不断达到预期收益才能保证其持续上涨的股价是合理的。
Even if bubble talk is over the top, a higher share price is justified only if Apple continues to meet earnings expectations.
支付满意率是主观效用与客观收益的结合体，用其来解释理性更合理。
Explaining rationality is more reasonable because RSP is a coalescent of subjective utility and objective payoff.
要根据集体土地使用权价格的组成，合理分配集体土地使用权流转收益。
To fairly collocate the profit of circulation of right to use collective land should take the price of collective land into consideration.
该如何合理预期所持有资产的收益和损失风险成为投资者和国家金融监管机构关注的热点。
How to forecast reasonably the risks for yield and loss of assets is therefore what the investors and national financial supervision and management institutions focus on.
进一步加强金融管理意识，明确理解收益产生和成本控制两个概念，确保合理的利润流。
Furtherenhance financial awareness throughout the division in both revenue generation and cost control to enable optimum profit flow through.
城市土地收益制度合理与否既关系着城市土地资源的合理配置，又关系着城市土地收益在财政收入中所占的比例及对财政收益的贡献率。
Whether the urban land profit system is rational or not is not only related to the rational allocation of urban land, but also related to its contribution to financial revenues.
当收入的时机能够合理地确定，盈利过程已经完成时，收入就应在收益表中加以确认和报告。
The revenue should be recognized and reported in the income statement when the timing of revenue is reasonably determinable and the earnings process is completed.
另一方面也能为会计信息使用者提供更为科学、合理的每股收益信息，以助于其做出正确的投资决策。
On the other hand, it can also provide reasonable and scientific earnings per share information for the accounting information users in order to help them make the right investment decision.
目前，集体土地使用权流转存在着流转交易量小、收益分配不合理、服务机构少、流转限制多等问题。
Many problems also exist in this field, such as small circulation exchange, unreasonable profit collocation, few service agencies and too much limitation.
以“综合势力”作为收益（利润）分配的依据，体现铁路运输企业间收益分配的公平合理性。
Then the income is allotted according to the synthetical power index, with an effort to represent reasonableness and equitableness.
以“综合势力”作为收益（利润）分配的依据，体现铁路运输企业间收益分配的公平合理性。
Then the income is allotted according to the synthetical power index, with an effort to represent reasonableness and equitableness.
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