With A 33% Price Drop For Entegris, Inc. (NASDAQ:ENTG) You’ll Still Get What You Pay For
Entegris, Inc. (NASDAQ:ENTG) shareholders that were waiting for something to happen have been dealt a blow with a 33% share price drop in the last month. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 48% in that time.
In spite of the heavy fall in price, Entegris’ price-to-earnings (or “P/E”) ratio of 34.9x might still make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 16x and even P/E’s below 9x are quite common. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
