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Can fundamental analysis be profitable, or are markets just too efficient to justify the effort? You might be familiar with P/E ratios by now, what

Can fundamental analysis be profitable, or are markets just too efficient to justify the effort? You might be familiar with P/E ratios by now, what has happened to the values for the other relative valuation ratios that is, the P/BV, P/CF, and P/S ratios?

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