Tag: PE ratio
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Ferrari (RACE) vs Tesla (TSLA), Tesla PE ratio almost same as Ferrari on 11/22/2022
For reasons that may not be related to financial performance, Tesla stock price has been dropping the past few days. With the most recent drop on 11/22/2022, Tesla’s PE ratio is now approaching that of an established auto manufacturer Ferrari. This company needs no introduction and is famous for their F1 race victories and sporty…
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Use S&P 500 PE ratio to check if stocks are expensive or cheap
2022 has been seen stocks drop double digits from their peak. At its peak stocks were overpriced because there was too much demand. Part of that was from Covid stimulus and part of it was from cash that consumers saved from not being able to travel and spend on entertainment. During this rise, it may…
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How to evaluate the price of a stock? Part 1 the PE ratio
The price of a stock like anything else should be evaluated on what it rewards its owner. The rewards of owning a stock is the earnings of a company, the potential of future growth and supporting the positive impact to society provided by the company. The earnings of the company need to be evaluated with…