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. P/E10 October Update: Is The Stock Market Expensive? by Jennifer Nash, November 1, 2023 https://www.advisorperspectives.com/dshort/updates/2023/11/01/p-e10-october-update-is-the-stock-market-expensive Will the real P/E ratio please stand up? by Mark Hulbert, October 23, 2023 https://www.morningstar.com/news/marketwatch/20231023131/will-the-real-pe-ratio-please-stand-up Step 2: You must use the company assigned for you for the project. Your assignment: Please also note that your answers should be written in your own words. 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. 1. Use Morningstar or Marketwatch, enter the desired stock symbol to get to the company's front page. Find P/E ratio is listed on the company's page or calculate it. 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