Etsy, Inc.’s (NASDAQ:ETSY) P/E Is Still On The Mark Following 27% Share Price Bounce
Etsy, Inc. (NASDAQ:ETSY) shares have had a really impressive month, gaining 27% 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 13% over that time.
Since its price has surged higher, Etsy may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 30.7x, since almost half of all companies in the United States have P/E ratios under 17x and even P/E’s lower than 10x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
