Just like SMH after Yr2000 bubble ?? SMH still off the yr 2k peak by more than 50% as of today. SMH also pay high dividend now.
2) Probability of going under within 5 years?
Except there won't be that much demand for company's products unless Indian all the sudden become as rich as China next year.
SMH goes no where in 10 years or 15 years always range bound. Like INTC peak PE was 200 in 2001. Now PE dropped 90% still too expensive.
PE did drop to 15 by 2003. Share price dropped from 52 to 24.
The highest PE ever for HD is 150 in 2001.
PE more than double to 24 in 8 years. If the trend continue PE in 2023 will be 48.