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It's not the P/E itself but ALL the future earnings discounted to the present using an appropriate discount rate that counts. See the uncertainties involved her
by vmurthy 4y ago
It's not the P/E itself but ALL the future earnings discounted to the present using an appropriate discount rate that counts. See the uncertainties involved here? :)
If you can predict a range for the future earnings and discount them and if it is underpriced , do buy :) .
- FredPret 4y agoNot only earnings but interest rates too, to work out the time value of money