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2 comment(s). Last comment by bursagoinglong 2017-05-07 14:05
Posted by bursagoinglong > 2017-05-07 14:05 | Report Abuse
Hi RainT. Thank you for commenting.
A PE cannot be taken on its own without reference to other companies which conduct roughly a similar business like Elsoft i.e. the design and manufacturing of automated test equipment.
Other similar players' PE would be:
Vitrox - PE pf 21
JF Technology - PE of 100
MMS - PE of 18
I would think Elsoft's PE is slightly above average but in line with other industry players.
I wont be too concerned with PE per se. PE fluctuates from time to time. If PE is a concern to you, it is better to take into account the average PE over a longer period of time.
My paramount consideration is whether a business is sound with strong future growth. I think Elsoft fulfills the above criteria.
No result.
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RainT
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Posted by RainT > 2017-05-07 11:49 | Report Abuse
PE of Elsoft now at 20....don't you think is too high !????