Like its famous handbags, Hermès shares command a premium price. They trade on an imposing multiple of 43 times next year’s earnings, more than 50 per cent higher than luxury stocks such as LVMH, Kering and Burberry. Better than expected second-quarter sales figures on Tuesday reinforced the French group’s lofty status.
Like its famous handbags, Hermès shares command a premium price. They trade on an imposing multiple of 43 times next year’s earnings, more than 50 per cent higher than luxury stocks such as LVMH, Kering and Burberry. Better than expected second-quarter sales figures on Tuesday reinforced the French group’s lofty status.
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