Declining price-to-earnings ratios suggest stocks are more attractive now. But that indicator isn't all that useful, according to research.
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Is the P/E ratio worth following?
That would be an important question at any time but has become especially so now that the price-to-earnings ratio is declining.
The drop, caused by a combination of improving earnings per share and a falling stock market, brings the P/E ratio to within shouting distance of suggesting that equities are fairly…
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