Revvity, Inc. (NYSE:RVTY) has a high price-to-earnings (P/E) ratio of 45.4x, which is significantly above the market average, despite its recent negative earnings growth. Analysts forecast a strong earnings growth of 35% annually for Revvity over the next three years, compared to 12% for the wider market, which explains investor willingness to pay a premium for the stock. While such a high P/E typically signals potential overvaluation, the projected growth suggests that investors are factoring in future performance.
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With Revvity, Inc. (NYSE:RVTY) It Looks Like You'll Get What You Pay For
Revvity, Inc. (NYSE:RVTY) has a high price-to-earnings (P/E) ratio of 45.4x, which is significantly above the market average, despite its recent negative earnings growth. Analysts forecast a strong earnings growth of 35% annually for Revvity over the next three years, compared to 12% for the wider market, which explains investor willingness to pay a premium for the stock. While such a high P/E typically signals potential overvaluation, the projected growth suggests that investors are factoring in future performance.