Costco stock valuation at over 50 P/E, raising concerns with slowest Q sales growth since 2015.
Costco's stock is currently valued over 50 times its trailing earnings, the highest in years, raising concerns as its quarterly sales growth has slowed to its lowest since 2015. Historically, its average P/E ratio is around 35. While membership fee increases may boost revenue, investors should reassess potential returns and be wary of a possible stock correction, given the current high valuation.
October 12, 2024
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