Enerpac Tool Group Corp.’s (NYSE:EPAC) Share Price Not Quite Adding Up
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 18x, you may consider Enerpac Tool Group Corp. (NYSE:EPAC) as a stock to avoid entirely with its 27.7x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
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With earnings growth that’s superior to most other companies of late, Enerpac Tool Group has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the…
