I did a quick calculation for the Dow 30 and came up with the following:
P/E: 18.54
PEG: 1.66
It seems overvalued to me but maybe someone else has another take on it? Is there a fundamental reason why the Dow 30 would be a good long-term buy and hold opportunity right now? Also, are there any charts showing the historical P/E of the Dow?
