有趣的是，我们可以看到微软排在第一位。在过去五年中，微软的盈利以高速增长，每股收益复合年增长率超过 18%。你会注意到，他们的交易价格远低于四年平均市盈率。
What's interesting is we can see Microsoft came in at number one. Now, Microsoft over the last five years has grown earnings at a high rate with a EPS CAGR of above 18%. And what you'll notice is they're trading quite a bit below their four-year average PE multiple.
如果我们在这里看微软的 Forecaster，有几件不同的事情值得指出。如果我们看过去五年的销售额，可以看到它大幅增长。与此同时，股价也攀升了。但你会注意到，如果你看去年，他们下跌了 3%，但股价一直非常波动，特别是从大约四月到目前。
股价从最高每股 541 美元一路下跌到 356，回升到 460，然后迅速跌回 352。在最近的财报之后，又达到约每股 506 美元的高点。这是很大的波动。
So, if we look at Microsoft here on Forecaster, there's a couple of different things worth pointing out. If we look at sales over the last five years, we can see it's grown substantially.
And along with it, the share price has climbed higher. But what you will notice is if you look in the last year, they're down by 3%, but the share price has been incredibly choppy, particularly from around April to really around current day.
The stock went from trading as high as $541 a share all the way down to 356, climbed back up to 460, and then quickly fell all the way back down to 352. And then after the recent earnings report, peaked at about $506 a share. That is a lot of volatility.