Will the Rolls-Royce share price collapse? Here’s what the charts say
Image source: Rolls-Royce plc
The Rolls-Royce (LSE:RR) share price is up a remarkable 71% over 12 months. In fact, the stock’s rebirth has been truly incredible over the past three years. Surging more than 1,000% from the nadir, Rolls-Royce is now one of the largest companies on the FTSE 100, with a market cap around £60bn.
But what’s happened to its valuation over the period? Let’s take a closer look.
It’s a little mixed
Starting with the price-to-earnings (P/E) ratio, we can see that Rolls-Royce shares have gradually become more expensive over the past year. The data prior to 2023 isn’t that useful because Rolls-Royce really struggled during the pandemic, and it was either loss-making or had to…
