Yes, but Apple produced personal computers in 2001, but it had become a cell phone business by 2008. What relevance have their old earnings ? One could argue that although the name remained the same it is a different company.I'm not following.In calculating Shiller's PE10, earning from 5,6,7,8,9,10 years ago are taken in to account, when AI was not a factor at all, for instance...
Technology is continually evolving, but earnings are earnings.
The Shiller CAPE is relevant for stationary markets, where the nature of business does not change a lot over time. We live in different times.
Statistics: Posted by Thesaints — Fri Oct 25, 2024 11:55 pm — Replies 177 — Views 17285