Israir Group Ltd (TLV:ISRG) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Israir Group Ltd (TLV:ISRG) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. The last 30 days bring the annual gain to a very sharp 67%.
Although its price has surged higher, Israir Group’s price-to-earnings (or “P/E”) ratio of 7.7x might still make it look like a buy right now compared to the market in Israel, where around half of the companies have P/E ratios above 14x and even P/E’s above 21x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
