PE ratios have a degree of relativity with in a sector
Be a boring world if there was a rule that all retail stocks shall have the same PE multiple
‘Best of breed’ seem to get rated highly …..RYM, MFT etc etc
Yeah that's fair to a point but then sometimes a best of breed stock gets priced so high for perfection relative to its peers it badly underperforms for years afterwards...RYM a perfect example of that in recent years.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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