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Avoid the pitfalls of calculating a stock’s price-to-earnings multiples


Constellation Brands’ Corona Light for sale at a grocery store in New York.

Scott eel | Bloomberg| beautiful pictures

On January 5thorderIn the morning meeting of 2023, you talked about high P/E stocks being too expensive and cited an example. Then you advertised the STZ as “buy”.

  • Isn’t the P/E very high?
  • My research says its P/E (not forward P/E) is around 500. Is my resource wrong?

-Bill

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