Dont consider P/E as sole index of company's valuation.
Stock markets assign high P/E for anything they consider as "Growth". TSLA, CMG is all considered as "Growth". For some reason the present market is geared towards "Growth" than "Value".
Stock markets assign high P/E for anything they consider as "Growth". TSLA, CMG is all considered as "Growth". For some reason the present market is geared towards "Growth" than "Value".
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