Market Participants Recognise Shenzhen FRD Science & Technology Co., Ltd.'s (SZSE:300602) Earnings

Oct. 6, 2024 - Simply Wall St

With earnings that are retreating more than the market's of late, Shenzhen FRD Science & Technology has been very sluggish. There's an inherent assumption that a company should far outperform the market for P/E ratios like Shenzhen FRD Science & Technology's to be considered reasonable.

With this information, we can see why Shenzhen FRD Science & Technology is trading at such a high P/E compared to the market. As we suspected, our examination of Shenzhen FRD Science & Technology's analyst forecasts revealed that its superior earnings outlook is contributing to its high P/E.

If you're unsure about the strength of Shenzhen FRD Science & Technology's business, why not explore for some other companies you may have missed...