Decoding the P/E Ratio: Finding Undervalued Stocks
The price-to-earnings multiplier, or P/E ratio, is a key valuation instrument that investors use to assess the cost of a company's stock relative to its earnings. A low P/E figure can signal that a stock may be a bargain, while a high P/E ratio suggests that the market forecasts higher earnings growth in the future. By evaluating a company's P/E r