Asseco South Eastern Europe S.A.’s (WSE:ASE) Share Price Not Quite Adding Up
With a price-to-earnings (or “P/E”) ratio of 19.7x Asseco South Eastern Europe S.A. (WSE:ASE) may be sending bearish signals at the moment, given that almost half of all companies in Poland have P/E ratios under 13x and even P/E’s lower than 8x 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.
For example, consider that Asseco South Eastern Europe’s financial performance has been poor lately as its earnings have been in decline. It might…
