Namo eWaste Management Limited’s (NSE:NAMOEWASTE) P/E Is Still On The Mark Following 30% Share Price Bounce
Namo eWaste Management Limited (NSE:NAMOEWASTE) shares have had a really impressive month, gaining 30% after a shaky period beforehand. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Following the firm bounce in price, Namo eWaste Management’s price-to-earnings (or “P/E”) ratio of 51.7x might make it look like a strong sell right now compared to the market in India, where around half of the companies have P/E ratios below 30x and even P/E’s below 16x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
