PE has literally nothing to do with what Enron did which was accounting fraud + cashflow problems because they actually didnt make any money, in fact they lost tons of money and used future earnings in current reporting

Having a high pe is not fraud. There are even companies that are losing money, and they're still worth something.

When people say something is like enron, they dont mean it has a high PE. Its like saying someone is like Hitler and meaning they are a failed art student