BarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 11 months agoRecord profits drive inflationi.imgur.comexternal-linkmessage-square103fedilinkarrow-up11.58Karrow-down161 cross-posted to: noshitsherlock@lemmy.world
arrow-up11.52Karrow-down1external-linkRecord profits drive inflationi.imgur.comBarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 11 months agomessage-square103fedilink cross-posted to: noshitsherlock@lemmy.world
minus-squareErismi14linkfedilinkEnglisharrow-up16·11 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.