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WSP Global Inc. (WSP $231.07)
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FirstService Corporation (FSV $214.94)
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Thomson Reuters Corporation (TRI $131.33)
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Jacobs Solutions Inc. (J $137.86)
Q: Looking at the question by Michael on Jacobs today I see a company having 2026 net revenue growth of 6-10 % but a PE of 54 ! Sure it’s a fine company in a good sector but does it really deserve a PE of 54 ? Other solid companies in Canada with historically high PE ‘s such as TRI , WSP , and FSV etc., seem to be going through a valuation revision downward. The question is will the revised valuation remain or will the premium valuation return ? Your thoughts. Thanks. Derek.
5i Research Answer:
The sector often gets a premium valuation because the companies sign long term contracts....