A Piece Of The Puzzle Missing From ClearView Wealth Limited’s (ASX:CVW) 26% Share Price Climb
ClearView Wealth Limited (ASX:CVW) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 8.6% in the last twelve months.
In spite of the firm bounce in price, it’s still not a stretch to say that ClearView Wealth’s price-to-earnings (or “P/E”) ratio of 21.5x right now seems quite “middle-of-the-road” compared to the market in Australia, where the median P/E ratio is around 20x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
