2964: This Is Amazon’s P/E Ratio At Current Market PriceNovember 13, 2012 4:20 pm
Well once in a while you spot something and take a minute to check if there was a typo. Like this one we spotted today: Amazon is being valued at an unbelievable P/E – 2964!! (Source)
How do we digest a number like this? As the article points out, this is some 180 times the market P/E (15). But given the issues Amazon is facing around Sales Tax in many states, this might actually be a very risky bet.