what is a good price to earnings ratio 
the answer depends on the industry some industries tend to have higher average price to earnings ratios for example in february 2024 the communications services select sector index had a p e of 17 60 while it was 29 72 for the technology select sector index 78 to get a general idea of whether a particular p e ratio is high or low compare it to the average p e of others in its sector then other sectors and the market 