Consider this example: The stock of a well-regarded company was brought into the broader market indices a few months back. This company has, for years, traded at a PE of over 50. And when it entered the index, its PE was over 100. Even after the correction, it is higher still. If we were to go by PE alone, no investor should touch this stock. Yet, the fact is that, even before entering the broader indices, this stock was in the portfolio of the