950
Teehee
(lemmy.nz)
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this post was submitted on 30 Oct 2026
950 points (99.4% liked)
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If you think that Reddit will continue making money about the same as they have been, then 21 means that the stock is a bargain, and you should buy it.
If you think that Reddit's revenues are going to drop in a way that is not reflected in the current accounting statements, then the P/E is not an accurate measure of value, and you should stay away.
21 is not a bargain, look at bank stocks if you think a 21 p/e at stable income is a bargain.
The US stock exchange is completely inflated, but the inflation keeps new money from across the globe flowing back. As the 7% annualised gains in S&P500 are among the top of the world, but the entire growth is based on a perception people will continue to flow money into the ponzi scheme rather than underlying value.
Novo Nordisk, trades at 9.78 P/E. That's a stable profit stock.
Barclay's, trades at a 8.32 P/E. That's a stable profit stock.
American stocks are just inflated through the fucking roof.