BarterClubM to Antiwork@lemmy.worldEnglish · 10 months agoRecord profits drive inflationi.imgur.comimagemessage-square109fedilinkarrow-up11.61Karrow-down160 cross-posted to: [email protected]
arrow-up11.55Karrow-down1imageRecord profits drive inflationi.imgur.comBarterClubM to Antiwork@lemmy.worldEnglish · 10 months agomessage-square109fedilink cross-posted to: [email protected]
minus-squareErismi14@midwest.sociallinkfedilinkEnglisharrow-up15·10 months agoStock price is not inherently tied to profit. That is why p/e ratio exists. Also different industries can have different p/e ratios. Not even this holds though. Tesla’s p/e is OOM more than Toyota, but Toyota has higher profits and sells more cars.
Stock price is not inherently tied to profit. That is why p/e ratio exists. Also different industries can have different p/e ratios. Not even this holds though. Tesla’s p/e is OOM more than Toyota, but Toyota has higher profits and sells more cars.