Which of the following is NOT true of P/E ratios? ed 200 n Select one: O a. The P/E is a good indicator to assist investors in exploring short-term, future stock performance. b. The Shiller Cyclically Adjusted Price-to-Earnings Ratio is widely considered a better indicator of changes in equity valuation than using earnings from just one 12 month period. c. The P in a P/E ratio is a forward-looking number, valuing shares based on expectations of where earnings are likely to be in the future. Whereas, the E is often a backward-looking number, measuring what earnings have been over the last twelve months. O d. The PEG ratio is calculated using P/E ratio and dividing it by the anticipated growth rate of a stock's earnings. The PEG Ratio evaluates a company's value based on both its current earnings and its future growth prospects. In this way, some believe that the PEG Ratio is a more accurate measure of value than the P/E ratio. Like the forward P/E ratio, however, it is based on future growth estimates, which may not materialize. e. P/E ratios can be analyzed looking at he likes of trends in trailing P/Es, forward P/Es, cyclically-adjusted P/Es, P/E vs. industry P/Es in which the company operates and P/E vs. the broader market