In January 2000 of Money, they compare Average P/E of big tech (without .com company ehich have no earnings). The conclusion is : 1994(P/E:26), 1995(P/E:31), 1996(P/E:36), 1997(P/E:30), 1998(P/E:51),1999(P/E:63).... Conclusion, people are paying alot for growth ALOT in todays market...So what does this say about the value of using the PEG ratio? If you stick to a low PEG are you missing out on all of tech stock gains or are you just going be a lot better off if/when the market melts down? There is no easy answer.
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