. Travel stocks including airlines have had dramatic shifts in projected earnings in the Covid era, which can make average P/E a noisy number. Still, American traded at around 9-times-earnings in mid-2017, long before the pandemic, and far below the nearly 33 it was trading at as of Friday's close.. The cybersecurity stock is trading at a whopping P/E of nearly 52.
Data security is seen as a future growth area, but investors have increasingly turned their backs on companies whose big payoffs are years away., though it was only trading slightly above its average valuation. The iPhone and iPad maker has a massive cash pile that has many investors to see it as a relatively safe stock in a growth-focused sector, but its shares are still down more than 20% year to date.
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