Curtiss-Wright Corporation’s (NYSE:CW) Share Price Not Quite Adding Up
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 16x, you may consider Curtiss-Wright Corporation (NYSE:CW) as a stock to avoid entirely with its 30x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
Curtiss-Wright certainly has been doing a good job lately as it’s been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. You’d really hope so, otherwise you’re paying a pretty hefty…
