Siemens Energy AG’s (ETR:ENR) 26% Price Boost Is Out Of Tune With Revenues
Siemens Energy AG (ETR:ENR) shares have continued their recent momentum with a 26% gain in the last month alone. The annual gain comes to 186% following the latest surge, making investors sit up and take notice.
Since its price has surged higher, you could be forgiven for thinking Siemens Energy is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 3.4x, considering almost half the companies in Germany’s Electrical industry have P/S ratios below 1.7x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
