Sundial Growers Inc (NASDAQ: SNDL) shares have lagged the S&P 500 in the past 12 months, generating a total return loss of 13.1%.
Sundial’s stock had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in Sundial shares after the pullback.
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 29.5, nearly double its long-term average of 15.6. Sundial doesn’t currently have a PE ratio because the company is not profitable. In the past four quarters, Sundial reported a net loss …