Lancor Holdings Limited’s (NSE:LANCORHOL) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Lancor Holdings Limited (NSE:LANCORHOL) shareholders have had their patience rewarded with a 27% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 43% over that time.
In spite of the firm bounce in price, Lancor Holdings’ price-to-sales (or “P/S”) ratio of 1x might still make it look like a strong buy right now compared to the wider Real Estate industry in India, where around half of the companies have P/S ratios above 6.4x and even P/S above 16x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
