Debunking The Myth That The P/E Ratio Can Predict Future Stock Price Movement By: TalkMarkets November 30, 2016 at 05:57 AM EST The Price/Earnings ratio has proven to have no usefulness in predicting stock price movement, up or down. Read More >> Related Stocks: Dow Industrials SPDR PowerShares QQQ S&P Depository Receipts SPDR GOLD