“Removing [Amazon, Facebook, Google, and Microsoft] from the [S&P] and adjusting for the excess cash that companies hold … reduces the current PE ratio to 16.9. This is much closer to the range typical in ‘normal’ economic times.”
Top Ten New York Times Bestselling Author
“Removing [Amazon, Facebook, Google, and Microsoft] from the [S&P] and adjusting for the excess cash that companies hold … reduces the current PE ratio to 16.9. This is much closer to the range typical in ‘normal’ economic times.”