Bio-Rad Laboratories Inc. is an AMEX listed security that has been trading in a range between $62.66 and $88.54 over the past year. With 26,649,500 shares outstanding, a recent price of $77.20 gives a total market capitalization of $2,065,336,250. While there are certainly larger companies, Bio-Rad Laboratories Inc. has definitely earned its place in the pack. Last year, Bio-Rad Laboratories Inc. created $3.68 in earnings for every share outstanding.
Bio-Rad Laboratories Inc. is currently priced by the market at 21.10 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price over $50 a share and earnings per share in excess of $1 a share, Bio-Rad Laboratories Inc. could be an interesting value proposition.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment