>>> The worst thing you could do is have a denominator in your price-to-earnings ratio that's greater than zero, because then your ratio would be positive, assuming your stock hasn't gone to zero yet.
I've always wondered why folks don't use earnings-to-price ratio instead, which goes smoothly through zero instead of behaving, well, hyperbolically.
I've always wondered why folks don't use earnings-to-price ratio instead, which goes smoothly through zero instead of behaving, well, hyperbolically.