Big Mouse

Baidu May Test August Lows

I thought about peer P/E comparison, but have never used it.
If a cross-sectional comparison works,
how can the company's P/E maintain high for such a long time.
Note that, Baidu is a monopolist, while Sina and Sohu are merely market leaders.
So Baidu should have a P/E premium over those news portals, if comparable.
Now I use P/E band, time series might be more reasonable.