Facebook is now trading under the name of Meta Platform, but it keeps its symbol as FB.

The stock price was $340 in Nov 2021. It has dropped to $200 in Apr 2022. The stock price dropped by 41% over the past five months.

At the price of $200, the PE ratio is 14.55 times. This is attractive. 

At the price of $340, the PE ratio was 24.7. This was a reasonable level. It was not high.

In spite of being reasonably priced, the stock price still dropped sharply during this period.

Perhaps the investors felt that the company faces severe challenges to its business model in the near future.

I will monitor this stock as the price. I may invest in this stock as the price is now at a reasonable level, and that may rebound when investors are satisfied with its business prospects.

Note - this is a personal opinion. It is not investment advice. 

Tan Kin Lian