Price/Earnings
The last time I looked at the average price/earnings ratio it was about 16 or so.
I was in the library yesterday and took a quick look at Value Line to see what it's running these days. About 10. That's a pretty big drop, but I don't think it's really out of line with what a rational price/earnings ratio should be.
The current average dividend rate for stocks that are paying dividends is 3.6%, which is probably a little high and in my mind reflects a market anticipation that a lot of companies will be cutting (or dropping) their dividends.
I was in the library yesterday and took a quick look at Value Line to see what it's running these days. About 10. That's a pretty big drop, but I don't think it's really out of line with what a rational price/earnings ratio should be.
The current average dividend rate for stocks that are paying dividends is 3.6%, which is probably a little high and in my mind reflects a market anticipation that a lot of companies will be cutting (or dropping) their dividends.
Labels: pe
posted by Gary Carson at
12:46 PM
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