Littelfuse, Inc.’s (NASDAQ:LFUS) Price In Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 60.1x Littelfuse, Inc. (NASDAQ:LFUS) may be sending very bearish signals at the moment, given that almost half of all companies in the United States have P/E ratios under 19x and even P/E’s lower than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
Littelfuse could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings performance to recover substantially,…
