Central Garden & Pet Trades at a Premium: What's the Best Move Now?
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Central Garden & Pet Company (CENT) is trading at a premium with a forward 12-month P/E multiple of 18.43X, higher than the industry average of 13.05X and its median P/E of 16.62X over the past year.
December 19, 2024 | 7:30 pm
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Central Garden & Pet Company is trading at a premium with a forward P/E of 18.43X, above the industry average and its median P/E. This suggests the stock may be overvalued, potentially impacting investor decisions.
CENT's current P/E ratio is significantly higher than the industry average and its own historical median, indicating it may be overvalued. This could lead to a short-term price correction as investors reassess its valuation.
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