If Low P/E is more attractive, then why should the one buy the high P/E stock ? Please help to understand this…
High P/E stocks have earnings growth built into today’s price. If you believe that the market underestimates the earnings growth rate, buying high P/E stocks could be a good idea.
All else equal, the lower P/E stock is more attractive, because it’s cheaper to pay less for the same amount of value.
^ Could be a value trap, too. Remember: cheaper isn’t always better.
Hence why I said, all else equal.
Seems like kind of a tough question.
I got it ! Thank you guys 
My pleasure.