I’m only 25 so all of my investing knowledge has come from the crazy bull market the last few years. Companies were “good buys” with p/e of 30+ or Tesla/amazon of 100+. Now I know that isn’t always or normally a good P/E to buy a company.
What is everyone’s opinions on a good P/E for different sectors? For example $CROX is currently at a P/E of 10. I bought in when it was at 8 because I figured that’s a great buy. It worked out for me but I was ignorant because I don’t actually know if that’s normal for clothing/shoe industry.
How about GOOG at 17? Is this normal for tech pre 2019?
HD at 20? Seems high imo but it’s a solid company.
LMT at 22 also seems high. But in a bear market it’s slow and steady gains/dividends. But no real growth.
Any insight on what normal P/E is in a bear market or normal bull market would be helpful. To me it doesn’t all make sense with GOOG having a lower P/E than HD or CROX. Is everything still overpriced or is this normal?
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