fenil 13 April 2020 at 13:15 PM

Theta’s P/E ratio indicates a) senior management made poor investment decisions in 20X5. b) Theta’s common stock is undervalued a year’s end. c) At the end of 20X5, the market expected higher 20X6 profits for Theta than the profits it expected for 20X5 at the end of 20X4. d) The year 20X5 had good growth opportunities which senior management was able to exploit.