If you are following screener for PE than it will show false PE.
In smes and microcaps one needs to calculate PE in 2 ways
- Multiply H1FY result PAT by 2 and than divide by market cap to get actual PE
- by rough guesstimates one can guess next FY PAT to get rough forward PE.
Not all are overvalued. I agree Insolation is on over valued side but some other businesses are still under 30-40 PE
One also needs to go thru PEG ratio manually rather than PE alone
And also can blend technicals with Fundamentals for prompt exits.
Hope this helps
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