And using that logic in about 50 years would earning more than all other companies in the world put together.
Actually I think three years is about the limit of reasonably reliable earnings forecasts.
I still say that a current PE of 50 is high in relation to 20% earnings growth over the next three years. I believe the rule of thumb is that if PE ratio divided by forecast % growth rate is greater than 2, then it is expensive.
Ann: Altium Technology & Business Strategy Presentation, page-101
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$68.23 |
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Mkt cap ! $9.001B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| $68.24 | 118 | 1 |
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