Published on 21 Mar 2021 on Simply Wall St. via Yahoo Finance
Wesfarmers Limited (ASX:WES) shareholders have seen the share price descend 10% over the month. But that doesn't change the fact that the returns over the last year have been pleasing. In that time we've seen the stock easily surpass the market return, with a gain of 42%.
Check out our latest analysis for Wesfarmers
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.