A Look Into Estee Lauder Cos Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos Inc. (NYSE:EL) saw a 1.89% increase in its stock price to $115.88 in the current market session, despite a 13.53% decrease over the past month and a 44.66% drop over the past year. The company's P/E ratio of 74.33 is significantly higher than the Personal Products industry average of 30.47, which could suggest that investors expect better future performance or that the stock is overvalued.
November 14, 2023 | 7:02 pm
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Estee Lauder's current P/E ratio of 74.33, much higher than the industry average, may lead investors to question if the stock is overvalued despite recent price increases.
The high P/E ratio of Estee Lauder compared to the industry average suggests that the stock might be overvalued, which could lead to a negative short-term impact on the stock price as investors reassess the company's valuation.
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