QQQ P/E ratio of 3.77?

[SoyUnGanador]

That is what yahoo finance is telling me:

https://finance.yahoo.com/quote/QQQ?p=QQQ&.tsrc=fin-srch

Is that right? Seems this is some DEEP value territory if so. Sure, in a recession earnings will go down, but cut them in half and its still a PE of 8.

But is that right?

 

[xandman]

It's 22. Get a better data source.

https://www.morningstar.com/etfs/xnas/qqq/portfolio

 

[MKTrader]

There's no way that's right....must be a glitch in how the calculate for a index ETF. SPY has a P/E just over 4. Look up individual stocks (AAPL, WMT, etc.) and most are in their 20s...some tech stocks much higher. A few hard-hit ones like NFLX and TGT are lower, but still over 10.

 

[SoyUnGanador]

Haha thanks guys. I didn't think that was right, given how PEs have been out of control for years.

 

[Scataphagos]

When it gets to 3.77, you might want to buy some.

 

[SoyUnGanador]

When it gets to 3.77, you might want to buy some.

While that would indeed be the right time to buy, I would have bought several hundred points higher and be utterly broke by then.

 

[Scataphagos]

While that would indeed be the right time to buy, I would have bought several hundred points higher and be utterly broke by then.

We all would.

 

[longandshort]

Maybe double check your sources before you try to trade off the data lol…

 

[Overnight]

That is what yahoo finance is telling me:

https://finance.yahoo.com/quote/QQQ?p=QQQ&.tsrc=fin-srch...

Yahoo is showing for the Trailing Twelve Months. That's what the (TTM) means. So yeah, seems right on that stat.

 

[SoyUnGanador]

Yahoo is showing for the Trailing Twelve Months. That's what the (TTM) means. So yeah, seems right on that stat.

Interesting Overnight. What does that mean, exactly? I mean, I think TTM means, generally, "over the past 12 month period, whatever that period was". But what does "PM Ratio (TTM)" as Yahoo uses it mean exactly? Whatever it means, how can the 3.81 number make a lick of sense?

Thanks.