P/E is a good measure for value stocks, where you're looking for consistent returns.
Waymo still has to scale, the number means nothing.
Tesla for example had a P/E ratio of 1000 two years ago. Okay it's still potentially overvalued and the share price has declined but their P/E ratio has dropped dramatically.
Tesla for example had a P/E ratio of 1000 two years ago. Okay it's still potentially overvalued and the share price has declined but their P/E ratio has dropped dramatically.