CACI International Inc’s (NYSE:CACI) Share Price Could Signal Some Risk
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 18x, you may consider CACI International Inc (NYSE:CACI) as a stock to potentially avoid with its 27.6x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
CACI International certainly has been doing a good job lately as it’s been growing earnings more than most other companies. The P/E is probably high because investors think this strong earnings performance will continue. If not, then existing shareholders might be a little nervous about the viability of the share price.
Check out our latest analysis for CACI International
