I’m a bit confused as to why JXNs forward
P/E is higher than it currently is since earnings are expected to increase over 10% next year.
I thought that EPS increasing next year would lower the forward P/E as well? I can’t seem to find an answer to this.
Every thing online says forward p/e should decrease when forward EPS increases.
Is the forward EPS not increasing enough to lower the forward P/E? That’s the only thing I can think of to explain it. Finviz link is below.
To abide by the community rules I do own a few shares but it’s a very small percentage of my portfolio.
Thanks
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