There’s No Escaping Autosports Group Limited’s (ASX:ASG) Muted Earnings Despite A 33% Share Price Rise
The Autosports Group Limited (ASX:ASG) share price has done very well over the last month, posting an excellent gain of 33%. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 12% over that time.
Although its price has surged higher, Autosports Group’s price-to-earnings (or “P/E”) ratio of 12.8x might still make it look like a buy right now compared to the market in Australia, where around half of the companies have P/E ratios above 18x and even P/E’s above 33x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
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