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Profitability Ratios, Im having understanding the price to earnings ratio, Can you explain the Price to earnings Ratio? What does it mean when the price

Profitability Ratios, Im having understanding the price to earnings ratio,

Can you explain the Price to earnings Ratio?

What does it mean when the price to earnings ratio is 10?

What does it mean that a company is overvalued or undervalued and how do you determine that?

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