Leader Steel Holdings Berhad's (KLSE:LSTEEL) Business Is Yet to Catch Up With Its Share Price
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Update time : 2025-08-26 14:56:27
It's not a stretch to say that Leader Steel Holdings Berhad's (KLSE:LSTEEL) price-to-sales (or "P/S") ratio of 0.3x right now seems quite "middle-of-the-road" for companies in the Metals and Mining industry in Malaysia, where the median P/S ratio is around 0.6x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
Revenue has risen firmly for Leader Steel Holdings Berhad recently, which is pleasing to see. One possibility is that the P/S is moderate because investors think this respectable revenue growth might not be enough to outperform the broader industry in the near future. Those who are bullish on Leader Steel Holdings Berhad will be hoping that this isn't the case, so that they can pick up the stock at a lower valuation.
