Intact Financial Corporation’s (TSE:IFC) Share Price Could Signal Some Risk
With a price-to-earnings (or “P/E”) ratio of 23.7x Intact Financial Corporation (TSE:IFC) may be sending very bearish signals at the moment, given that almost half of all companies in Canada have P/E ratios under 14x and even P/E’s lower than 7x 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.
Intact Financial certainly has been doing a good job lately as it’s been growing earnings more than most other companies. The P/E is probably high because…
