The price-to-earnings (P/E) ratio is one of the most commonly used metrics to determine whether a stock is expensive or cheap. Generally, the higher the P/E ratio, the more expensive a stock is relative to its earnings. But in times of risk-on sentiment, investors tend to overlook sky-high P/E ratios, betting on growth potential and momentum instead.
However, when sentiment shifts more defensively, stocks with triple-digit P/Es often get hit the hardest. That’s exactly what’s happening…
Article Source
https://www.benzinga.com/markets/equities/25/02/44014217/3-stocks-with-triple-digit-pes-that-are-still-worth-a-look
