... 收益支出 income expenditure 收益周期 earning cycle 收益资本化价值 earnings capitalized value ...
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收益周期开始转变。
正如多年逐渐积累的体重一样,软件开发周期中的等待收益经常在不引人注意地情况下变大。
Just like the pounds that gradually accumulate over the years, the wait gains in our software development cycle often go largely unnoticed.
用最好的衡量长期收益的工具——周期性调整市盈率——衡量,华尔街金融市场的溢价为21.9倍,高于历史均值大约33%。
On the best long-term measure, the cyclically adjusted price-earnings ratio, Wall Street looks overvalued on a multiple of 21.9, some 33% above the historic average.
sort of takes the cyclicality out of earnings and you can see over history how that multiple has varied.
一定程度上在收益上避免了周期性的,而且你可以看到随着历史的进程,这个倍数发生了多大的变化。
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