FBL Financial Group, Inc. (NYSE:FFG) Might Not Be As Mispriced As It Looks

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View photosFBL Financial Group, Inc.’s (NYSE:FFG) price-to-earnings (or “P/E”) ratio of 14.8x might make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 19x and even P/E’s above 36x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.Recent times haven’t been advantageous for FBL Financial Group as its earnings have been falling quicker than most other companies. It seems that many are expecting the dismal earnings performance to persist, which has repressed the P/E. You’d much rather the company wasn’t bleeding earnings if you still believe in the business. Or at the very least, you’d be hoping the earnings slide doesn’t get any worse if your plan is to pick up some stock while it’s out of favour. View our latest analysis for FBL Financial Group peMoreWant the full picture on analyst estimates for the company? Then our free report on FBL Financial Group will help you uncover what’s on the horizon.How Is FBL Financial Group’s Growth Trending?There’s an …

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