Q: Recent answer to question from Rajeev regarding Lumine lagging Topicus... part of your response... "LMN is now currently cheaper on valuation. We think $130 makes sense for TOI and $33 for LMN. "
What valuation are you using here for LMN being cheaper?
What valuation are you using here for LMN being cheaper?
5i Research Answer:
We were referring to forward price-to-earnings ratio in the prior response. LMN trades at 39.4x forward earnings while TOI trades at 55.2x forward earnings hence why we said LMN is cheaper.