Argo Investments Limited’s (ASX:ARG) Share Price Could Signal Some Risk
Argo Investments Limited’s (ASX:ARG) price-to-earnings (or “P/E”) ratio of 27.3x might make it look like a sell right now compared to the market in Australia, where around half of the companies have P/E ratios below 21x and even P/E’s below 12x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
It looks like earnings growth has deserted Argo Investments recently, which is not something to boast about. It might be that many are expecting…
