General Motors Trades for Just 5 Times Earnings. Incredible Bargain or Value Trap?
Massive automaker General Motors (NYSE: GM) trades for a rock-bottom valuation of less than 5 times forward earnings estimates. Meanwhile, the company is extremely profitable, management is buying back stock hand over fist, and there's a ton of growth potential as the electric vehicle (EV) and autonomous vehicle strategy evolves. In this video, I sit down with Fool.com automotive expert John Rosevear to discuss why this seemingly strong company is trading so cheaply.
*Stock prices used were the morning prices of Aug. 23, 2024. The video was published on Aug. 30, 2024.
Source Fool.com
General Motors Corp Stock
€40.66
-5.380%
Our community is currently high on General Motors Corp with 36 Buy predictions and 9 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 18.07% compared to the current price of 40.66 € for General Motors Corp.
