Article taken from: finance.yahoo.com
The Market Lifts Just Life Group Limited (NZSE:JLG) Shares 52% But It Can Do More Simply Wall St • September 18, 2020 Despite an already strong run, Just Life Group Limited ( NZSE:JLG ) shares have been powering on, with a gain of 52% in the last thirty days. Even after such a large jump in price, it’s still not a stretch to say that Just Life Group’s price-to-earnings (or “P/E”) ratio of 22x right now seems quite “middle-of-the-road” compared to the market in New Zealand, where the median P/E ratio is around 23x. […] Recent times have been quite advantageous for Just Life Group as its earnings have been rising very briskly. The P/E is probably moderate because investors think this strong earnings growth might not be enough to outperform the broader market in the near future. […] With this information, we find it odd that Just Life Group is trading at a fairly similar P/E to the market.
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