You cannot get stuck on only one part of a chapter of a book to make an observation. Try to see the complete picture.
Read the chapter on Banks/financial companies in Pat Dorsey’s book. It seems you have not read it with full understanding. So maybe another read may be in order.
While analysing any bank, PE is not the first thing you look at. Price to book value, ROA, ROE, NPA, NIM etc are important aspects in analysing banking (and even other financials) stocks.
Try and go through a couple of good threads on bank stocks on VP. Or read annual reports of a few banks and then go through concalls to get a better grasp of the subject.
The way you are trying to analyse banks based on a few data points on screener and a few lines here and there from Peter Lynch’s masterpiece comes across as very frivolous efforts. Investing is not as easy as you think, but then it’s not as difficult as you make it out to be. It needs patient and dedicated learning.
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