I am reading Benjamin Graham's book and trying to apply to market, a few day after the krach, as I have free time. I'm puzzeled about some of the rules of Graham for the defensive investor to invest in a security is that Price over Earnings ratio must remain cheap. It should be below fifteen.
However it seems not to be the case for any of the company I looked up :
P/E Facebook 20 Google 24 Netflix 81 Tesla 68.81
The only stocks where French ones.
Carrefour 9 PSA 3 SoGé 4
even after the crisis. So are price over earnings always over Graham's recomendations on the US market ?