Price Over Earnings Overview: Williams Companies
Portfolio Pulse from Benzinga Insights
Williams Companies Inc. (NYSE:WMB) stock has increased by 3.91% over the past month and by 5.32% over the past year. The company's P/E ratio of 15.82 is higher than the aggregate P/E ratio of the Oil, Gas & Consumable Fuels industry (13.82), suggesting that the stock might be overvalued.
November 06, 2023 | 7:45 pm
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Williams Companies' stock might be overvalued as its P/E ratio is higher than the industry average.
The P/E ratio is a valuation ratio which compares a company's current share price with its earnings per share. A high P/E ratio could mean that a company's stock is over-valued or else that investors are expecting high growth rates in the future. Williams Companies' P/E ratio is higher than the industry average, suggesting that the stock might be overvalued.
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