Is Gates Industrial Corporation plc (GTES) overvalued? · P/E 29, rev $3.41B
Gates Industrial Corporation plc (GTES) is a specialty industrial machinery company listed on NYSE.
This page asks whether Gates Industrial Corporation plc (GTES) looks expensive on cached numbers — not a short thesis.
Latest reported GTES revenue for 2024-12-28 was $3.41B. Net income was $219.9M. Revenue was down 4.5% from 2023-12-30 to 2024-12-28. GTES currently screens at market cap $6.95B and trailing P/E 28.8.
GTES currently screens at market cap $6.95B and trailing P/E 28.8. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next GTES 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the GTES stock page for the full model, not this heading.
Not investment advice.