What Mincon Group plc’s (LON:MCON) 28% Share Price Gain Is Not Telling You
Explore Mincon Group’s Fair Values from the Community and select yours
Mincon Group plc (LON:MCON) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Notwithstanding the latest gain, the annual share price return of 4.1% isn’t as impressive.
Following the firm bounce in price, Mincon Group’s price-to-earnings (or “P/E”) ratio of 18.7x might make it look like a sell right now compared to the market in the United Kingdom, where around half of the companies have P/E ratios below 16x and even P/E’s below 10x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
