Does a P/E Multiple of 6.67X Make Pitney Bowes a Strong Buy?

Pitney Bowes (PBI) is currently trading at a low price-to-earnings (P/E) multiple, far below the broader tech sector and S&P 500 averages. Pitney Bowes’ forward 12-month P/E ratio sits at 6.67X, significantly lower than the Zacks Computer and Technology sector’s average of 27.01X and the S&P 500’s average of 22.33X.Pitney Bowes' price-to-sales (P/S) ratio is also on the low end, raising the question for investors whether this low valuation makes PBI a bargain.Pitney Bowes P/E (F12M) ChartImage Source: Zacks ...