Is Chewy Stock a Buy, Sell or Hold at a P/E Multiple of 23.6X?

Chewy Inc. (CHWY) is a prominent player in the pet care industry, leveraging its e-commerce platform to cater to a growing base of pet owners. CHWY is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 23.6x, which positions it at a discount compared to the industry's average of 25.47x. The valuation does suggest that Chewy is undervalued, presenting a potential buying opportunity. Image Source: Zacks Investment Research CHWY Looks Attractive from a Valuation Standpoint However, CHW ...