Benign Growth For BW LPG Limited (OB:BWLPG) Underpins Its Share Price
BW LPG Limited’s (OB:BWLPG) price-to-earnings (or “P/E”) ratio of 4.7x might make it look like a strong buy right now compared to the market in Norway, where around half of the companies have P/E ratios above 13x and even P/E’s above 22x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
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BWG hasn’t been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. It seems that many are expecting the dour earnings performance to persist, which has repressed the P/E. …
