@article{2016,title={AN EMPRICAL STUDY ABOUT THE RELATIONSHIP BETWEEN P/E RATIO AND INDEX RETURN: AN EXAMPLE OF BIST100},abstractNode={There are many study about the effect of P/E ratio on stockreturns. These studies concluded that P/E ratio is effective on stockreturns and it can assists (albeit in low level) to investors in forecasting the stockreturns. This study analyses whether there is a relationship between P/E ratio and returns of BİST100. For this purpose theregression equations have been estimated between monthly P/E ratios and 1 month, 3 month, 6 month , 1 year, 2 year and 3 years holding returns (calculated both arithmetic and geometric methods). P/E ratio was related with just 2 year arithmetic return in the first phase. The regression equations are estimated again by adding dummy variable subsequently showed that the relation between P/E ratio and all holding returns (except 1 month arithmetic) are statisticaly important.},author={Emre Hayri BARAZ-- Bahatdin DAŞBAŞI},year={2016},journal={The Journal of Academic Social Science}}