N1 Holdings Limited (ASX:N1H) Stock Catapults 45% Though Its Price And Business Still Lag The Market
N1 Holdings Limited (ASX:N1H) shareholders have had their patience rewarded with a 45% share price jump in the last month. Taking a wider view, although not as strong as the last month, the full year gain of 12% is also fairly reasonable.
Although its price has surged higher, N1 Holdings may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 14.9x, since almost half of all companies in Australia have P/E ratios greater than 21x and even P/E’s higher than 39x 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.
