H&M and Inditex are two of the most respected European clothing retailers. Shares in Inditex – also known by its full name Industria de Diseno Textil – and listed in Spain [BME:ITX] have been doing well in the past six months, rewarding investors with a 21% return. Much of the upside action has come since the middle of March.
Swedish-listed H&M Hennes & Mauritz [STO:HM-B] has seen a dip in stock value in Q1 but shares have been rallying again since mid-March. The stock has broken past highs we saw back in December and last summer. It is still trading well off its ATH of SEK 360 achieved in 2015.
But which of these European clothing powerhouses represents the best value for investors? Looking at their PE ratios, both stocks look to be relatively competitively priced.
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