Central Garden & Pet Trades at a Premium: What's the Best Move Now?

Central Garden & Pet Company (CENT) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 18.43X, which positions it at a premium compared with the industry’s average of 13.05X. The stock is also trading above its median P/E level of 16.62X, observed in the past year. The valuation indicates that Central Garden & Pet is overvalued. Image Source: Zacks Investment Research The stock’s rapid ascent might have contributed to its elevated P/E multiple. Shares of Central Garden & Pet, whi ...