Despite High Current Valuations, Estee Lauder Stock Looks Like A Strong Bet
- Monday, December 20, 2021, 7:19
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We think that Estee Lauder currently is a better pick compared to Procter & Gamble. Estee Lauder stock trades at almost 8x trailing revenues, more than that of PG’s 5x multiple. Does this gap in the companies’ valuations make sense? We believe so and we only expect this gap to widen…
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