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![dividendology Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1509705643418128399.png) Dividendology [@dividendology](/creator/twitter/dividendology) on x 80.6K followers
Created: 2025-07-04 23:17:14 UTC

At the end of the day, stock returns (excluding dividends) come from two sources:

X. Earnings Per Share (EPS) growth
X. Price-to-Earnings (P/E) multiple expansion

If a company’s P/E ratio increases, it means either:

X. Investors are willing to pay more for each dollar of earnings
X. The stock price has risen faster than earnings growth.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1941275135232606561/c:line.svg)

**Related Topics**
[money](/topic/money)
[quarterly earnings](/topic/quarterly-earnings)

[Post Link](https://x.com/dividendology/status/1941275135232606561)