ICL Group Ltd’s (NYSE:ICL) Price Is Out Of Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 22.1x ICL Group Ltd (NYSE:ICL) may be sending bearish signals at the moment, given that 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. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
For example, consider that ICL Group’s financial performance has been poor lately as its earnings have been in decline. It might be that many expect the company…
