Another misconception: A PSR below 1 is a sure sign that a stock is cheap.

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The stocks in our table are also expensive when measured by their price-to-sales ratio (PSR).

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First, a misconception: The PSR is a much more reliable measure than the price-to-earnings ratio because sales are difficult to fake.

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Perhaps the most striking PSR in our table comes from Piscataway, N.

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