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· Absolute Shockers · MARKETS

2964: This Is Amazon's P/E Ratio At Current Market Price

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.

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