Amazon's stock price has been dropping for months, even a short rally yesterday morning was just a blip. The S&P500 P/E Ratio (TTM) is currently 27.1 - 35% above the 10 year average of 19.6 - while Amazon is trading at a P/E Ratio (TTM) of 106.62. Does that mean we've seen Amazon's peak?
Amazon's stock price has been dropping for months, even a short rally yesterday morning was just a blip. The S&P500 P/E Ratio (TTM) is currently 27.1 - 35% above the 10 year average of 19.6 - while Amazon is trading at a P/E Ratio (TTM) of 106.62. Does that mean we've seen Amazon's peak?
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