EARNINGS BASIS
earnings basis: translation
earnings basis ˌearnings ˈbasis noun [singular] FINANCE
used to discuss a company's performance based on its profits, rather than other measures of performance:
• While not cheap on an earnings basis, the stock's $2-a-share in operating cash flow makes it a bargain.
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earnings basis UK US noun [S] ACCOUNTING, FINANCE
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The company has always looked expensive on an earnings basis but from a free cash-flow perspective, it was not nearly as expensive.