Vestas Wind Systems A/S’ (CPH:VWS) P/S Is Still On The Mark Following 25% Share Price Bounce
Vestas Wind Systems A/S (CPH:VWS) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 42% in the last twelve months.
Even after such a large jump in price, it’s still not a stretch to say that Vestas Wind Systems’ price-to-sales (or “P/S”) ratio of 0.8x right now seems quite “middle-of-the-road” compared to the Electrical industry in Denmark, where the median P/S ratio is around 1.1x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
