Author: Jody Chudley, Wealthy Retirement

It looks slightly undervalued at current prices.

It’s a great company with a strong moat and a long-term track record of exceptional growth. It’s also down by 40% so far this year…

When you can get that combination in the stock market, you take it.

With a price-to-earnings ratio ranging from 10 to 11, shares are the cheapest that they have been in a decade — cheaper than they were even at the bottom of the COVID-19 market crash of 2020.

It isn’t often that you can buy growing companies for single-digit P/E multiples.