dormakaba Holding AG’s (VTX:DOKA) Price In Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 45.4x dormakaba Holding AG (VTX:DOKA) may be sending very bearish signals at the moment, given that almost half of all companies in Switzerland have P/E ratios under 20x and even P/E’s lower than 14x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
With earnings growth that’s superior to most other companies of late, dormakaba Holding has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then…
