I seem to be missing something here or have I got the concept of P/E ratio's wrong. I believe the lower the P/E the better the value... ie low share price/ high earnings
If this is so can someone please explain this...
I am currently researching a stock that's share price is just under $2.00 and returns via dividends an av 16 cents per share and yet its P/E ratio is 200.
How can this be...please explain
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