Wagners Holding Company Limited’s (ASX:WGN) 30% Share Price Surge Not Quite Adding Up
Wagners Holding Company Limited (ASX:WGN) shareholders have had their patience rewarded with a 30% share price jump in the last month. The last month tops off a massive increase of 182% in the last year.
Although its price has surged higher, it’s still not a stretch to say that Wagners Holding’s price-to-earnings (or “P/E”) ratio of 21.3x right now seems quite “middle-of-the-road” compared to the market in Australia, where the median P/E ratio is around 21x. 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.
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