Earnings Working Against Apex Ecotech Limited’s (NSE:APEXECO) Share Price
With a price-to-earnings (or “P/E”) ratio of 21x Apex Ecotech Limited (NSE:APEXECO) may be sending bullish signals at the moment, given that almost half of all companies in India have P/E ratios greater than 28x and even P/E’s higher than 54x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
Apex Ecotech has been doing a good job lately as it’s been growing earnings at a solid pace. One possibility is that the P/E is low because investors think this respectable earnings growth might actually underperform the broader market in the…
