There’s Reason For Concern Over The Indian Hotels Company Limited’s (NSE:INDHOTEL) Price
With a price-to-earnings (or “P/E”) ratio of 53.4x The Indian Hotels Company Limited (NSE:INDHOTEL) may be sending very bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 27x and even P/E’s lower than 15x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
With earnings growth that’s superior to most other companies of late, Indian Hotels has been doing relatively well. It seems that many…
