Nev. Admin. Code § 361.358 — 361.358

NAC 361.358    “Price-earnings ratio” defined. ( NRS
360.090 , 361.320 )    “Price-earnings ratio”
means the ratio of the market price per share of the common stock of a specific
company to the earnings per share of common stock of that company during a 12-month
period. Typically, the ratio is based upon the current market price and the
most recent 12-month period for which the earnings are known.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]