Dont consider P/E as sole index of company's valuation. Stock markets assign high P/E for anything they consider as "Growth". TSLA, CMG is all considered as "G

Dont consider P/E as sole index of company's valuation. Stock markets assign high P/E for anything they consider as "Growth". TSLA, CMG is all considered as "Growth". For some reason the present market is geared towards "Growth" than "Value".