Sundial Growers Inc (NASDAQ: SNDL) shares have outperformed the S&P 500 in 2021, generating a year-to-date total return of 39.9%.
Sundial’s stock has had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in Sundial shares.
Earnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value.
For comparison, the S&P 500’s PE is currently at about 34, more than double its long-term average of 15.9. Sundial doesn’t currently have a PE ratio because the company is not profitable. In the most recent quarter, Sundial reported a net loss of $52.2 million.
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