The Price Is Right For Pil Italica Lifestyle Limited (NSE:PILITA)
With a price-to-earnings (or “P/E”) ratio of 50.4x Pil Italica Lifestyle Limited (NSE:PILITA) 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. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
Pil Italica Lifestyle has been doing a good job lately as it’s been growing earnings at a solid pace. One possibility is that the P/E is high because investors think this respectable earnings growth will be enough to outperform the…
