Why A Higher Market PE Shouldn’t Scare You
April 26, 2018 at 13:24 PM EDT
By Eric Dutram, DWS The price-to-earnings (PE) ratio is arguably the most important—and famous—ratio in all of investing. It is a quick and easy way to tell if markets are cheap, or expensive, compared to historical levels. And unfortunately for PE watchers, ratios have been on the march higher...