The Price-to-Earnings (P/E) ratio is a common financial metric used to evaluate the valuation of a company. It is calculated by dividing the current market price of a company's stock by its earnings per share (EPS).
Some people say that in today's market, the P/E ratio is a useless metric, while others still rely on it as their main measure. Do you think it still matters in todays market? Why or why not?
Edit: sorry should have mentioned this is talking about is the trailing P/E since thats the one most people quote.
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