Shareholders Should Be Pleased With Valmont Industries, Inc.’s (NYSE:VMI) Price
With a median price-to-earnings (or “P/E”) ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Valmont Industries, Inc.’s (NYSE:VMI) P/E ratio of 18.4x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Recent times have been advantageous for Valmont Industries as its earnings have been rising faster than most other companies. It might be that many expect the strong earnings performance to wane, which has kept the P/E from rising. If not, then existing shareholders have…
