Siemens Healthineers AG’s (ETR:SHL) Price Is Out Of Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 24.3x Siemens Healthineers AG (ETR:SHL) may be sending bearish signals at the moment, given that almost half of all companies in Germany have P/E ratios under 19x and even P/E’s lower than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
With earnings growth that’s superior to most other companies of late, Siemens Healthineers has been doing relatively well. The P/E is probably high because…
