LGI Limited’s (ASX:LGI) P/E Is Still On The Mark Following 39% Share Price Bounce
Explore LGI’s Fair Values from the Community and select yours
The LGI Limited (ASX:LGI) share price has done very well over the last month, posting an excellent gain of 39%. The last 30 days bring the annual gain to a very sharp 46%.
Following the firm bounce in price, given close to half the companies in Australia have price-to-earnings ratios (or “P/E’s”) below 18x, you may consider LGI as a stock to avoid entirely with its 59.5x P/E ratio. 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.
While the market has…
