Is there any value left in the Rolls-Royce share price?
The Rolls-Royce (LSE:RR) share price has surged because it’s a quality company delivering unexpected good results over a surprisingly long period of time. This has rightly caught the eye of UK retail investors who have been very keen to get a piece of the action.
However, stocks can’t sustain this momentum forever. And while I’m not saying Rolls-Royce shares won’t go up from here, there’s certain some evidence that the stock’s trading closer to fair value than it has at any point over the past three years.
So how do we know it’s closer to fair value? Well, here are a few signs.
Firstly, it’s trading with a forward price-to-earnings ratio of 44. In other words, investors are…
