German car companies like Mercedes, BMW, Porsche being valued at under 50 billion with P/E of around 5 seems massively illogical. Musk paid 44 billion for Twitter. Porsche's market cap is 30 billion. You could not even buy all the Porsches that are produced in a single year for 30 billion (roundabout 300k cars times 120k average price = 36 billion) let alone come anywhere close to buying the company.
So how does it make sense that in theory, owning 51 % of the shares, which equals only about 15 billion worth right now, makes you the owner of the Porsche company? Of course this is in theory because you cannot just go and buy 51 % of the shares but you get the point.
As reference, Intel currently is still valued 4 times as much as Porsche and twice as much as Mercedes while basically being a company on lifeline supported by tax money while Mercedes released the first approved level 3 self-driving car (ahead of Tesla) so these companies aren't just sleeping on new tech and living off of past glory like Intel to be valued only around or under the 50 billion mark. But that's how they are valued.
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