股市是向前看的，反映的是未来预期税后收益的现值。
The stock market is forward looking, reflecting the current value of future expected after-tax profits.
资产应该跌回正常价值，即未来收益的折现值。
Assets would have fallen to their normal worth, the present discounted value of their future returns.
是企业未来收益现值超过行业正常盈利水平的数额。
The present value of expected future earnings of a business in excess of the earnings normally realized in the industry.
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