There’s No Escaping Mattel, Inc.’s (NASDAQ:MAT) Muted Earnings Despite A 34% Share Price Rise
Those holding Mattel, Inc. (NASDAQ:MAT) shares would be relieved that the share price has rebounded 34% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Notwithstanding the latest gain, the annual share price return of 8.5% isn’t as impressive.
Even after such a large jump in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 19x, you may still consider Mattel as an attractive investment with its 12.1x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
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