Enagás, S.A.’s (BME:ENG) Share Price Not Quite Adding Up
Enagás, S.A.’s (BME:ENG) price-to-sales (or “P/S”) ratio of 4.2x may look like a poor investment opportunity when you consider close to half the companies in the Gas Utilities industry in Spain have P/S ratios below 1.4x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
View our latest analysis for Enagás
What Does Enagás’ Recent Performance Look Like?
Recent times have been more advantageous for Enagás as its revenue hasn’t fallen as much as the rest of the industry. The P/S ratio is probably…
