With A 26% Price Drop For Flutter Entertainment plc (NYSE:FLUT) You’ll Still Get What You Pay For
The Flutter Entertainment plc (NYSE:FLUT) share price has fared very poorly over the last month, falling by a substantial 26%. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 38% share price drop.
Even after such a large drop in price, you could still be forgiven for feeling indifferent about Flutter Entertainment’s P/S ratio of 1.8x, since the median price-to-sales (or “P/S”) ratio for the Hospitality industry in the United States is also close to 1.6x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
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