The graph conveniently starts are year 2000. In October 2019, the stock had a high of $79.25. Then it dropped to $48.31 in March 2020, and is slowly recovering. It is now at 64.87 per share. The PE Ratio is a staggering 65.86.
“The graph conveniently starts are year 2000. In October 2019, the stock had a high of $79.25. Then it dropped to $48.31 in March 2020, and is slowly recovering. It is now at 64.87 per share. The PE Ratio is a staggering 65.86.”
The point he is making refers to a long term investing strategy. As in many years. My portfolio averages over 20 years.
You might research REIT Financials, particularly those of O.
“The PE Ratio is a staggering 65.86.”
PE ratio is not a valid benchmark for REITS. More appropriate is FFO.