There is undervalued and then there is Tata Chemicals. It has a P/E ratio of just 2 when its sector’s P/E ratio is 40.
Why is this the case? What am I missing?
There is undervalued and then there is Tata Chemicals. It has a P/E ratio of just 2 when its sector’s P/E ratio is 40.
Why is this the case? What am I missing?
it is due to high income from other incomes thus it lead to high EPS so resultantly very low P/E.