Box, Inc.’s (NYSE:BOX) Share Price Could Signal Some Risk
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 18x, you may consider Box, Inc. (NYSE:BOX) as a stock to potentially avoid with its 24.4x P/E ratio. 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.
Box certainly has been doing a good job lately as it’s been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the…
