Brembo N.V.’s (BIT:BRE) Share Price Is Matching Sentiment Around Its Earnings
When close to half the companies in Italy have price-to-earnings ratios (or “P/E’s”) above 17x, you may consider Brembo N.V. (BIT:BRE) as an attractive investment with its 11.2x 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 limited.
Brembo could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. The P/E is probably low because investors think this poor earnings performance isn’t going to get any better. If this is the case, then existing shareholders will probably…
