Has Costco Wholesale's Stock Peaked?

When a stock is rising rapidly in value, it's inevitable that its valuation will get out of control. And with a market cap of $430 billion, Costco is no exception. The stock is now trading at a trailing price-to-earnings multiple of 55. The S&P 500 average is just 25. Costco's stock has been at elevated levels for some time, and investors, for the most part, have been willing to pay a premium to own a piece of the business. The retail stock is down around 10% from its 52-week high of $1,078. Since 2020, sha ...