ALB is the world’s largest lithium producer, and with more vehicles going electric, the demand for lithium may not see a decline any time soon.
The stock has been range-bound for some time now, having been trading between the 170s and 320 since 2021. It has a P/E of 7.76 with a forward P/E of 6.96, and its financials look healthy, but Gurufocus suggests it could be a value trap given that their estimated fair value is in the 400s.
What do we know about the company that can be useful for a deeper dive?
[link] [comments] https://www.reddit.com/r/stocks/comments/137uuei/albemarle_alb_undervalued_or_value_trap/
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