The Motley Fool analysis: Costco's Q3 sales rose 11.6%, but its stock is overvalued at 47x P/E, not an 'obvious buy'
Despite strong business performance, including a 6.6% rise in comparable-store sales (excluding gas and currency) and a 21% increase in e-commerce sales, the analysis suggests investors may be better off waiting for the stock's valuation to move closer to its 10-year average of roughly 40 times trailing earnings.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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