Beyond the one-number mirage: 7 stocks from different sectors with an upside potential of up to 24%

Investors crave shortcuts, and in the market the PE ratio feels like the ultimate cheat-code: Current share price divided by per-share earnings. A low PE is considered “cheap”, a high PE “expensive”. Simple, seductive and often way wrong. There are enough examples where a low PE stock has remained a lower PE stock for ages, and a high PE stock continued to rise higher even as it created wealth. If you have any doubt, look at the PE history of stocks like Nestle, Page Industries and many more with some moat which no one is able to beat. Price is meaningless without context, and context is what the PE ratio strips away.