Quick technical analysis26 Jul 2022 18:05
Whist IES does not have a PE ratio at the moment, the PS has dropped to 14 (it was up at a silly level in the thousands before the latest trading update) which is still relatively high but the price to book value has dropped to 0.89 which means IES is technically undervalued. Now, there are obvious reasons for this, but for those who have completed their due diligence (and let’s face it, have a lot of faith in Larry et al) now would be a ‘safe’ moment to buy more. Ben Graham used to swear by the PB ratio, although Buffet has more recently questioned it’s viability as a measure. However, stocks with their PB below one are still regarded as undervalued. GLA