Not exact matches
Finally, it doesn't
matter if the low P / E ratio is related to the company or the industry, because a low
valuation simply means the market does not
believe in sustainable profit growth.
Juicy Excerpt: Are there people who
believe that
valuations don't
matter?
However, I can offer a few clues, based on statements that Shiller himself has made and on behavior I have seen from others who
believe that
valuations matter and who have evidenced a great reluctance to offer public comments about what this means in practical terms for investors.