What Faze Three Limited’s (NSE:FAZE3Q) 26% Share Price Gain Is Not Telling You
Despite an already strong run, Faze Three Limited (NSE:FAZE3Q) shares have been powering on, with a gain of 26% in the last thirty days. The last 30 days bring the annual gain to a very sharp 39%.
After such a large jump in price, Faze Three may be sending bearish signals at the moment with its price-to-earnings (or “P/E”) ratio of 42.3x, since almost half of all companies in India have P/E ratios under 29x and even P/E’s lower than 16x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.