I’m invested in Gruh and views are positively biased on the HFC sector. But I can’t get my mind around it’s valuation of 13x P/B no matter what growth %, NIM, Asset Quality, ROA, etc. numbers you throw at me.
Tried to do a quick valuation analysis of some of the best performing HFCs currently:-
Does the BV/EPS multiple have anything to do with Gruh’s exalted valuations?
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