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PE ratio, helps you determine the valuation of a stock. By examining this ratio, you can find out if a stock is overvalued or undervalued. A “good” P/E ratio isn’t necessarily a high ratio or a low ratio on its own. The market average P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while a lower PE ratio could be considered better. Mutual fund experts believe P/E of a mutual fund does not convey as much as P/E of a stock. It only conveys the kind of stocks in a portfolio. P/E Ratio of a mutual fund indicates the investment approach followed by a mutual fund scheme. It tells you whether the fund follows a growth style of investing or a value style of investing,”
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