Hiab Oyj’s (HEL:HIAB) 26% Share Price Surge Not Quite Adding Up
Hiab Oyj (HEL:HIAB) shareholders are no doubt pleased to see that the share price has bounced 26% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 41% in the last twelve months.
Even after such a large jump in price, there still wouldn’t be many who think Hiab Oyj’s price-to-earnings (or “P/E”) ratio of 18.8x is worth a mention when the median P/E in Finland is similar at about 20x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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