Nifty PE crosses 24|A statistically informed entry-exit model!

No. Unlike P/E, P/B and P/S are not do not stand on their own as indicators of valuation.

P/B = P/E * E/B = P/E * RoE; RoE is not an indicator of valuation but performance. P/E is the indicator of valuation in P/B.
Similarly, P/S = P/E * E/S = P/E * Net Profit Margin; again Net Profit Margin is not an indicator of valuation but performance.

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