RE: Does GIB.A deserves a PE of 24? eomTT,
Obviously the market doesn't agree with you... it's now 25.7.
The market values companies on their going-forward EPS and P/E, not on the trailing.
CGI is currently sits at about 14.5 P/E, still way below industry peers, so it would still be considered by many to be a bargain.
If CGI was trading at the same P/E as others in the same industry we'd be at about $13 - $14 range.
- Serge.