So I'm trying to learn more about investing but I'm hung up on the P/E ratio. I looked at CMG's stock. The P/E ratio displayed here (I assume that's the trailing P/E ratio) seems ridiculously high. What's going on with that? More importantly, shouldn't the P/E ratio be in the negatives since it looks like they lost money over the last 12 months (and therefore the earnings per share decreases over the course of a year)? Also, I've read that P/E ratios are rarely listed in the negatives, and that instead it will say "not applicable" or something similar. Why is that? Just so it doesn't look bad to the company?
Submitted January 12, 2017 at 05:35PM by swissarm http://ift.tt/2iMIkq1