bioMérieux S.A.’s (EPA:BIM) Share Price Matching Investor Opinion
With a price-to-earnings (or “P/E”) ratio of 32.1x bioMérieux S.A. (EPA:BIM) may be sending very bearish signals at the moment, given that almost half of all companies in France have P/E ratios under 15x and even P/E’s lower than 9x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
With earnings growth that’s superior to most other companies of late, bioMérieux has been doing relatively well. The P/E is probably high because investors think this strong earnings performance will continue. If not, then existing shareholders might be a…
