Woolworths Group Ltd's stock price has been in a strong uptrend since mid 2016 and is once again nearing record highs.
This has left Woolworths with a record high forward P/E ratio of over 23, despite stagnant/falling revenue over the past 5 years.
With competition in the sector increasing and the Australian economy worsening, Woolworths' extreme valuation looks vulnerable.
Note: This article refers to the ASX listed Woolworths Group Limited (OTCPK:WOLZY) (WOW.AX). All amounts listed are in AUD unless otherwise specified.
Woolworths Group Ltd is an Australian conglomerate engaged in