Why does PE matter for a company like SXY?
If you judged it by PE, it be worth about 4.9 cents but the 38.6 cents is based on growth prospects.
It is a statistic but not one IMHO that you would adjudge oil and gas by especially a minnow.
Like SXY.
ORG, WPL, OSH, CTX, XOM, RDS, BP,COP may make PE useful but that even depends on their capex.
