Ganesh Sastri

Dividend Yield as a Tool to Find Bargains

Look further than E/P %. It is the inverse of P/E expressed as a percentage.
When dividend yield is more than E/P %, the excess is a return OF your money and NOT return on money.
If the E/P % is much higher than average, it is usually an indicator that the E ( earnings) likely to decline bringing the E/P % to market levels.