Is the Qantas share price too low to ignore?
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The Qantas Airways Limited (ASX: QAN) share price has seen plenty of volatility over the past five years, as the chart below shows. With COVID-19’s effects in the rearview mirror, some investors may wonder whether the ASX travel share is a bargain.
Airlines normally trade on a much lower valuation than other sectors, as measured by the price-to-earnings (P/E) ratio. If the earnings of a low P/E stock can grow, then the business could be an undervalued opportunity.
Now that the travel industry has returned to a new normal let’s examine where its earnings may go and whether, in the eyes of one expert, it’s an opportunity.
Stronger case for the airline
A lot has happened in the last five to ten years, but UBS…
