Should Investors Buy Ralph Lauren Stock at a Premium P/E Ratio?

Ralph Lauren Corporation (RL) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 15.45X, which positions it at a premium compared with the industry’s average of 10.29X. The valuation suggests that Ralph Lauren is overvalued.RL P/E Ratio (Forward 12 Months)Image Source: Zacks Investment ResearchThe stock’s rapid ascent might have contributed to its elevated P/E multiple. Shares of Ralph Lauren have gained 31.4% in the past year against the industry’s decline of 18.4%. The S&P 500 ...