This metric is misleading without regard to the expected growth of each stock and their return on invested capital. In NXT’s case both of these metrics are well above the industry average (and in some cases double).
Refer to the recent research reports by Goldman Sachs, Evans & Partners and Macquarie if you want to substantiate this.
Hope that helps.
NXT Price at posting:
$6.17 Sentiment: Hold Disclosure: Held
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