DGL Group Limited (ASX:DGL) Stock Catapults 35% Though Its Price And Business Still Lag The Market
DGL Group Limited (ASX:DGL) shares have had a really impressive month, gaining 35% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 21% over that time.
Even after such a large jump in price, given about half the companies in Australia have price-to-earnings ratios (or “P/E’s”) above 20x, you may still consider DGL Group as an attractive investment with its 12.6x 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.
DGL Group could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings…
