Published on 18 Apr 2023 on Simply Wall St. via Yahoo Finance

Lacklustre Performance Is Driving Brookfield Infrastructure Corporation's (NYSE:BIPC) Low P/E

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When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 15x, you may consider Brookfield Infrastructure Corporation (NYSE:BIPC) as a highly attractive investment with its 4.6x P/E ratio. However, the P/E might be quite low for a reason and it requires further investigation to determine if it's justified.

We'd have to say that with no tangible growth over the last year, Brookfield Infrastructure's earnings have been unimpressive. One possibility is that the P/E is low because investors think this benign earnings growth rate will likely underperform the broader market in the near future. 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.

View our latest analysis for Brookfield Infrastructure

NYSE.BIPC price evolution

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