Why We’re Not Concerned About The Walt Disney Company’s (NYSE:DIS) Share Price
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 16x, you may consider The Walt Disney Company (NYSE:DIS) as a stock to avoid entirely with its 27.4x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
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Recent times have been advantageous for Walt Disney as its earnings have been rising faster than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. You’d really hope so, otherwise you’re paying a…
