EVALUATION OF P/E RATIO Step 1: Read the articles. These articles contain examples of evaluating P/E ratio. You will be using these examples to answer the questions listed at the bottom of the topic description.

1) Does Chicago Rivet & Machine Co's (CVR) PE Ratio Signal A Buying Opportunity? by Kelly Murphy, Simply - Wall St. October 5, 2017 https://finance.yahoo.com/news/does-chicago-rivet-machine-co-201613354.html

2) Is Cynergistek Inc's (CTEK) PE Ratio A Signal To Buy For Investors? by Mary Ramos Simply, Wall St. October 5, 2017 https://finance.yahoo.com/news/cynergistek-inc-ctek-pe-ratio-144611055.html

3) Does Katana Capital Limited's (ASX:KAT) PE Ratio Signal A Selling Opportunity? by Kyle Sanford , Simply Wall St. October 5, 2017 https://finance.yahoo.com/news/does-katana-capital-limited-asx-074409705.html

You must use the company assigned for you for the project. (NIKE)

Your assignment:

Please also note that your answers should be written on how understand. Don't use quotes from the articles.

You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor.

For this question we will be using P/E ratio.

To find a company's P/E ratio, use www.morningstar.com , enter the desired stock symbol to get to the company's front page. The P/E ratio is listed on the company's front page.

Compare the P/E ratio of your company with the industry average or with major competitors. Is there a difference between these numbers? Is the stock overvalued, undervalued, or properly valued? Why? In accordance with your findings, is it reasonable to buy the stock? Please explain your answers.