Answers: That depends on a number of factor. Young upstarts tend to have a low PE approaching 8 while larger more established companies can be in the low 20's. But consequently there is the issue of whether the flea market predicts that the company will do well. A low PE may indicate that the marketplace is not optimistic roughly speaking the future of a business. Currently in that is low market sentiment across the board and so PE should be lowering.
A classic example to me give or take a few how PE can shift was Tanfield PLC which go up to about 140; although the graph rocketed up, the PE indicates that the company's bazaar value did not parallel it's actual value and it be over priced. Its value have halved and nonetheless its PE is still about 38, indicating that the open market is still optimistic more or less it.
I would suggest that the best PE to have beside a medium-sized company that it steadily growing is about 12/13, and I would have a tendency to dip in at this plus.
Is at hand alot of gold ingots still unmined?
this will depend on several factors. one of the biggest factor is the rate of revenue and/ or earnings growth. if the company is growing REALLY nifty, you will often see P/E > 100. In meaning investing I like to see a P/E closer to 20 or smaller number. Another thing that will affect P/E is the dividend.
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