people think there is huge market bubble, but it doesn't exist where most people think it is.
in the last decades, with infinite money printing glitch,
there has been enormous level of PE multiple expansion across vast majority of slow growth companies
if you look at no growth/slow growth companies, their pe ratio has expanded (after 2008 and infinite QE) from 10-15 to 20, 30, 30 or even up to 80
question is, can such enormous pe ratio be justifiable even with no unlimited QE/free money when their growth are literally non existent when interest rate is no longer 0% but at 2~5%?
Contrary to most people's belief, imo, lots of tech stock, high growth companies are actually the cheapest (yes. cheapest) stock right now if you consider company's earning and growth in to the equation
what do you think?
is the pe 20+ for no growth/slow growth companies the 'new normal'?
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