These might justify smaller rental yields and thus a higher fair-value price-to-rents ratio than suggested by history.

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。

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And shares that look cheap on conventional measures (asset value, dividend yield, price-earnings ratio) also tend to deliver above-average returns, but belong to firms that are likelier to go bust.

那些在传统衡量下(资产价值，股息收益率，市盈率)看似便宜的股票也可能获得高于平均水平的收益，但此现象似乎更适用于那些快倒闭的公司。

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Another big plus: Stocks are dirt-cheap, whether you consider price-to-cash flow, price-to-book value, price-to-sales ratio or dividend yield.

另外，无论是从现金流价格、账面价格、销售价格比率还是红利角度考量，股价已经非常便宜。

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Tronox trades for less than book value, and at a 45% discount to its five-year average price-to-book value ratio.

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Its price-sales ratio is 27% below its 3.5 average since 2008, and the discount to its five-year average price-to-book value ratio is 31%.

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It trades for 3.9 times sales, but its price-to-book-value ratio is just 1.2.

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