News

Published on 26 Sep 2020 on Simply Wall St. via Yahoo Finance

Aristocrat Leisure Limited's (ASX:ALL) Prospects Need A Boost To Lift Shares


Article preview image

With a price-to-earnings (or "P/E") ratio of 10.9x Aristocrat Leisure Limited (ASX:ALL) may be sending bullish signals at the moment, given that almost half of all companies in Australia have P/E ratios greater than 20x and even P/E's higher than 38x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/E.

With its earnings growth in positive territory compared to the declining earnings of most other companies, Aristocrat Leisure has been doing quite well of late. One possibility is that the P/E is low because investors think the company's earnings are going to fall away like everyone else's soon. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.

ASX.ALL price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
The Allstate Corporation (ALL) Benefitted from Improved Pricing Power

Diamond Hill Capital, an investment management company, released its “Large Cap Strategy” fourth-...

Insider Monkey via Yahoo Finance 29 Feb 2024

20 Best Personal Injury Lawyers in NYC

In this article, we will take a look at the 20 best personal injury lawyers in NYC. If you would ...

Insider Monkey via Yahoo Finance 28 Feb 2024

Why Allstate (ALL) is a Top Value Stock for the Long-Term

Taking full advantage of the stock market and investing with confidence are common goals for new ...

Zacks via Yahoo Finance 26 Feb 2024

Allstate (ALL) Rewards Shareholders With a 3.4% Dividend Hike

The Allstate Corporation ALL announced that its board of directors increased its cash dividend to...

Zacks via Yahoo Finance 26 Feb 2024

10 Best Car Insurance in Texas for 2024

In this piece, we are going to look at the 10 Best Car Insurance in Texas for 2024. If you want t...

Insider Monkey via Yahoo Finance 25 Feb 2024

Allstate raises dividend to $0.92, up 3.4%

On Thursday, the company's board of directors approved a dividend of $0.92 per share, marking a 3...

Investing.com 23 Feb 2024

Jim Cramer Says This Construction Giant Is ‘So Good’ And ‘Goes Higher’ - Lennar (NYSE:LEN)

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying The Allstate Corporation A...

Benzinga 12 Feb 2024

Iteris, Inc. (NASDAQ:ITI) Q3 2024 Earnings Call Transcript

Iteris, Inc. (NASDAQ:ITI) Q3 2024 Earnings Call Transcript February 8, 2024 Iteris, Inc. beats ea...

Insider Monkey via Yahoo Finance 9 Feb 2024

Are You a Value Investor? This 1 Stock Could Be the Perfect Pick

For new and old investors, taking full advantage of the stock market and investing with confidenc...

Zacks via Yahoo Finance 9 Feb 2024

The Allstate Corporation (NYSE:ALL) Q4 2023 Earnings Call Transcript

The Allstate Corporation (NYSE:ALL) Q4 2023 Earnings Call Transcript February 8, 2024 The Allstat...

Insider Monkey via Yahoo Finance 9 Feb 2024