PE ratio is one of the most overused and misused ratios. It is used by all and sundry to justify their valuations and create a mirage of value.
Right from investor presentations to research reports, one finds its mention everywhere. But is this the right matrix to look at? It is better to use PEG ratio when looking for long-term investment, though finding the right ratio is itself a challenge.
Read more on economictimes.indiatimes.com