Advertisement
New Zealand markets closed
  • NZX 50

    11,717.43
    -117.59 (-0.99%)
     
  • NZD/USD

    0.6085
    +0.0001 (+0.01%)
     
  • NZD/EUR

    0.5679
    +0.0002 (+0.03%)
     
  • ALL ORDS

    8,013.80
    +11.00 (+0.14%)
     
  • ASX 200

    7,767.50
    +7.90 (+0.10%)
     
  • OIL

    82.35
    +0.61 (+0.75%)
     
  • GOLD

    2,346.90
    +10.30 (+0.44%)
     
  • NASDAQ

    19,789.03
    +37.98 (+0.19%)
     
  • FTSE

    8,227.81
    +48.13 (+0.59%)
     
  • Dow Jones

    39,164.06
    +36.26 (+0.09%)
     
  • DAX

    18,333.69
    +123.14 (+0.68%)
     
  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     
  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     
  • NZD/JPY

    97.6210
    -0.1120 (-0.11%)
     

What To Buy: Why The Price-Earnings Ratio Is A Useless Indicator

What To Buy: Why The Price-Earnings Ratio Is A Useless Indicator

To many investors, the price-earnings ratio is the single most indispensable indicator for any stock purchase. Sadly, they are putting their trust in a myth.