The higher a stock's price goes, the more expensive it gets. Right? Well, not always. A year ago, when $NVIDIA Corp(NVDA)$ was selling at $277, its earnings per share was $0.82 and its P/E ratio was 147x Today,NVDA's share price is up +284% to $1,064.... BUT... Its earnings per share is up +629% to $5.98. Its P/E has fallen to 62x... forward P/E is now at 30x So, NVDA is CHEAPER today than it was a year ago. Investors who say that NVDA is a bubble have no idea what they are talking about.Image