Many Still Looking Away From Excelsior Capital Limited (ASX:ECL)

With a price-to-earnings (or “P/E”) ratio of 9.5x Excelsior Capital Limited (ASX:ECL) may be sending bullish signals at the moment, given that almost half of all companies in Australia have P/E ratios greater than 16x and even P/E’s higher than 31x 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 limited.
Excelsior Capital has been doing a decent job lately as it’s been growing earnings at a reasonable pace. One possibility is t…

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