Published on 19 Dec 2023 on Simply Wall St. via Yahoo Finance
When close to half the companies in the Insurance industry in the United States have price-to-sales ratios (or "P/S") below 1x, you may consider Lemonade, Inc. (NYSE:LMND) as a stock to avoid entirely with its 3x P/S ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
View our latest analysis for Lemonade
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