BarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 1 year agoRecord profits drive inflationi.imgur.comimagemessage-square106fedilinkarrow-up11.6Karrow-down161
arrow-up11.54Karrow-down1imageRecord profits drive inflationi.imgur.comBarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 1 year agomessage-square106fedilink
minus-squareErismi14@midwest.sociallinkfedilinkEnglisharrow-up15·11 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.