A Piece Of The Puzzle Missing From Harley-Davidson, Inc.’s (NYSE:HOG) 26% Share Price Climb
Harley-Davidson, Inc. (NYSE:HOG) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 23% in the last twelve months.
Even after such a large jump in price, Harley-Davidson’s price-to-earnings (or “P/E”) ratio of 14.4x might still make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 20x and even P/E’s above 35x are quite common. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
