Quote:
Originally Posted by RedDevil
what are objective industry metrics, then?
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Price to Earnings is the most common.
Telsa stock averaged about $350 per share in the 4th quarter
Telsa's 4Q2018 earning per share was $1.93
That gives a P/E of 181
A P/E over 15 is considered overvalued for a manufacturing company
For reference:
The P/E for the S&P 500 is 21
The average for the automotive sector is 7.13
Apple is 16.25
VW's P/E is 12. They made 16.2 billion euro last year (EBIT)