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With a price-to-earnings (or "P/E") ratio of 5.9x My Food Bag Group Limited (NZSE:MFB) may be sending very bullish signals at the moment, given that almost half of all companies in New Zealand have P/E ratios greater than 17x and even P/E's higher than 31x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
My Food Bag Group has been struggling lately as its earnings have declined faster than most other companies. ...
>>> Read more: Improved Earnings Required Before My Food Bag Group Limited (NZSE:MFB) Shares Find Their Feet
My Food Bag Group has been struggling lately as its earnings have declined faster than most other companies. ...
>>> Read more: Improved Earnings Required Before My Food Bag Group Limited (NZSE:MFB) Shares Find Their Feet
