We had a similar, even higher price-to-earnings ratio of about forty-six at the peak in 2000 and it corrected way down.

000年时我们的市盈率甚至更高,达到了46,后来经过修正降低了

耶鲁公开课 - 金融市场课程节选

So, typically the ratio of price-to-earnings has been about fifteen.

市盈率一般来说是为15

耶鲁公开课 - 金融市场课程节选

We had an extraordinarily high price-to-earnings ratio representing a lot of optimism in the '20s for the stock market and then it corrected and went abruptly downward-- that was The Great Depression.

在二十年代,市盈率高得离奇,表现了当时人们对股票市场的乐观,当其得到修正并突然下跌时,大萧条便开始了

耶鲁公开课 - 金融市场课程节选