There Is A Reason Korn Ferry’s (NYSE:KFY) Price Is Undemanding
Korn Ferry’s (NYSE:KFY) price-to-earnings (or “P/E”) ratio of 14.5x might make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 19x and even P/E’s above 33x are quite common. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
With earnings growth that’s superior to most other companies of late, Korn Ferry has been doing relatively well. It might be that many expect the strong earnings performance to degrade substantially, which has repressed the P/E. If you like the…
