Published on 17 Apr 2023 on Simply Wall St. via Yahoo Finance
Bristow Group Inc.'s (NYSE:VTOL) Price In Tune With Earnings
Bristow Group Inc.'s (NYSE:VTOL) price-to-earnings (or "P/E") ratio of 69.8x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 15x and even P/E's below 7x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
With earnings growth that's inferior to most other companies of late, Bristow Group has been relatively sluggish. It might be that many expect the uninspiring earnings performance to recover significantly, which has kept the P/E from collapsing. If not, then existing shareholders may be very nervous about the viability of the share price.
See our latest analysis for Bristow Group