What Acadian Asset Management Inc.’s (NYSE:AAMI) 29% Share Price Gain Is Not Telling You
Despite an already strong run, Acadian Asset Management Inc. (NYSE:AAMI) shares have been powering on, with a gain of 29% in the last thirty days. The annual gain comes to 118% following the latest surge, making investors sit up and take notice.
Even after such a large jump in price, it’s still not a stretch to say that Acadian Asset Management’s price-to-earnings (or “P/E”) ratio of 20.4x right now seems quite “middle-of-the-road” compared to the market in the United States, where the median P/E ratio is around 19x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
