Price Over Earnings Overview: Fastenal
Portfolio Pulse from Benzinga Insights
Fastenal Inc.'s shares are currently trading at $57.96, after a 0.31% drop. Despite a 0.86% fall over the past month, the stock has increased by 21.48% over the past year. The company's price-to-earnings (P/E) ratio is 29.66, higher than the aggregate P/E ratio of 18.46 of the Trading Companies & Distributors industry, indicating that the stock might be overvalued.
July 24, 2023 | 5:00 pm
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Fastenal's stock has seen a 0.31% drop and a 0.86% fall over the past month, but a 21.48% increase YoY. Its P/E ratio of 29.66, higher than the industry average, suggests potential overvaluation.
Fastenal's stock has seen a short-term drop and its P/E ratio is higher than the industry average, suggesting that the stock might be overvalued. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100